Forex: USD/CAD consolidates above 0.9850 (San Francisco) - The US dollar has been rising against its Canadian counterpart and after rising 60 pips from 0.9830t break above the 0.9850, the USD/CAD is trading at daily highs at 0.9860.

Currently the USD/CAD is trading at 0.9855, 0.23% above today's opening price action. The trend index is "Slightly Bullish." Next levels to check are 0.986, 200 hours MA, 0.9880, Dec 17 high, and 0.9900. On the downside, 0.9850, 0.9830 and 0.9820.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.