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30 Dec 2014
USD/CAD extends decline to test 1.1600
FXStreet (San Francisco) - The US dollar continues to trade under pressure on Tuesday and against its Canadian counterpart, the Greenback is pricing at its lowest level since Christmas day around 1.1600.
The USD/CAD is completing a 50-pip decline in the day from 1.1650 to test the 1.1600 level. Currently, USD/CAD is trading at 1.1604, down -0.21% on the day, having posted a daily high at 1.1652 and low at 1.1598.
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CAD levels
Below the 1.1600, the USD/CAD will find supports at 1.1590, 1.1575 and 1.1565. To the upside, resistances are at 1.1610, 1.1625 and 1.1650.
The USD/CAD is completing a 50-pip decline in the day from 1.1650 to test the 1.1600 level. Currently, USD/CAD is trading at 1.1604, down -0.21% on the day, having posted a daily high at 1.1652 and low at 1.1598.
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
USD/CAD levels
Below the 1.1600, the USD/CAD will find supports at 1.1590, 1.1575 and 1.1565. To the upside, resistances are at 1.1610, 1.1625 and 1.1650.