2 Jul 2015
USD/CAD consolidates at lows
FXStreet (Córdoba) - USD/CAD is consolidating at daily lows after falling sharply at the beginning of the New York session weighed by disappointing US nonfarm payrolls and factory orders.
USD/CAD pulled back from a 3-month high of 1.2632 scored during the European session and slid to the 1.2545 area before finding support at the 50-hour SMA. At time of writing, USD/CAD is trading at 1.2553, down 0.28% on the day.
USD/CAD key levels
On the downside, immediate supports are seen at 1.2500 (psychological level), 1.2472 (Jul 1 low) and 1.2395 (100-day SMA). On the upside, resistances could be found at 1.2632 (Jul 2 high) and 1.2645 (Apr 13 high).
USD/CAD pulled back from a 3-month high of 1.2632 scored during the European session and slid to the 1.2545 area before finding support at the 50-hour SMA. At time of writing, USD/CAD is trading at 1.2553, down 0.28% on the day.
USD/CAD key levels
On the downside, immediate supports are seen at 1.2500 (psychological level), 1.2472 (Jul 1 low) and 1.2395 (100-day SMA). On the upside, resistances could be found at 1.2632 (Jul 2 high) and 1.2645 (Apr 13 high).