USD/CAD bounces at 1.0710; back to 1.0730

FXStreet (San Francisco) - The USD/CAD tested the 1.0710 key level post Canadian retail sales data but the pair bounced there and now it is trading back around 1.0730.

Currently, USD/CAD is trading at 1.0726, down 0.11% on the day, having posted a daily high at 1.0744 and low at 1.0709. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

USD/CAD levels

If the pair manages to break above 1.0725, next resistances are at 1.0760 and 1.0790. On the donwside, supports are at 1.0710, 1.0690 and 1.0625.