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18 Jun 2013
USD/CAD holds above 1.0200
FXstreet.com (Córdoba) - The USD/CAD advanced to fresh daily highs during the American session in the wake of soft US inflation and housing data that were relatively in line with expectations.
USD/CAD capped by 1.0215
However, the USD/CAD found resistance at the 1.0215/20 zone and pulled back slightly but has managed to hold above the 1.0200 mark so far. At time of writing, USD/CAD is trading at the 1.0205 zone, where it is still up 0.2% on the day.
As for technical levels, if USD/CAD breaks above 1.0215, next resistances could be faced at 1.0225 (Jun 13 high) and 1.0250 (Jun 11 high). On the other hand, immediate supports are seen at 1.0175 (daily low) and 1.0150 (Jun 17 low).
USD/CAD capped by 1.0215
However, the USD/CAD found resistance at the 1.0215/20 zone and pulled back slightly but has managed to hold above the 1.0200 mark so far. At time of writing, USD/CAD is trading at the 1.0205 zone, where it is still up 0.2% on the day.
As for technical levels, if USD/CAD breaks above 1.0215, next resistances could be faced at 1.0225 (Jun 13 high) and 1.0250 (Jun 11 high). On the other hand, immediate supports are seen at 1.0175 (daily low) and 1.0150 (Jun 17 low).