USD/CAD jumps to 1.1225 as QE3 dies

FXStreet (San Francisco) - The USD/CAD is enjoying the Greenback party following the Fed's decision to terminate QE3 and the acknowledgement of the improvement in the labor market. Thus, the USD/CAD rose 90 pips from 1.1130 to break above 1.1200 and trading on daily highs at 1.1225.

Currently, USD/CAD is trading at 1.1198, up 0.29% on the day, having posted a daily high at 1.1226 and low at 1.1120. USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

USD/CAD levels

Above 1.1225, the USD/CAD will find resistances at 1.1250 and 1.1260. To the downside, supports are at 1.1170, 1.1125 and 1.1100.