USD/CAD supported by 1.0180
After bottoming out at a 3-month low at 1.0182, USD/CAD entered in a consolidation phase that has extended over the last hours as USD bears look exhausted. At time of writing, the pair is trading at the 1.0210 area, just a few pips below its opening price after dropping 0.7% the previous day.
USD/CAD supports and resistances
In term of technical levels, if USD/CAD breaks decisively below 1.0180, next supports could be found at 1.0170 (Jun 19 low) and 1.0150 (Jun 17 low), while on the flip side, resistances are seen at 1.0230 (daily high) and 1.0245 (Jul 31 low).
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