Forex: USD/CAD consolidates above 0.9850

FXstreet.com (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 FXstreet.com 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.

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