Forex: USD/CAD breaks above 0.9950

FXstreet.com (San Francisco) - The Dollar's rally against the Lonnie with more than 0.45% daily gains. The USD/CAD has advanced around 90 pips from 0.9875, lowest level since Oct 19 to break above 0.9935 and reach levels close to 0.9965.

Currently the pair is trading at 0.9960, 0.45% above opening price. According to the FXstreet.com technical studies, MACD, CCI, Momentum and ROC are in bullish field while Stochs are in bearish in 15 minutes chart. In 1-hour time frame, CCI, Momentum and ROC are bullish while Stochs remains negative and MACD is now neutral.

Next levels to watch are 0.9970 area (200 hours MA), 1.0000 key level and 1.0010/15 zone (3-month highs area). On The downside, 0.9950, 0.9900 and 0.9875 are numbers to pay attention.

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