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27 Mar 2014
USD/CAD breaks down the 1.1075 and tests 1.1050
FXStreet (San Francisco) - The US dollar fell to 9-day low against its Canadian counterpart in the latest hour following US upbeat data. The USD/CAD declined 50 pips from 1.1100 to break below daily's low at 1.1075 and test minimum since March 18 at 1.1050.
The USD/CAD is trading at 1.166, 0.32% negative on the day. The short term perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
USD/CAD sentiment
Below the 1.1050, the USD/CAD would face supports at 1.1033 (daily cloud top) and then 1.1025 (low Mar.18). On the other hand, a break above 1.1170 (high Mar.26) would expose 1.1279 (2014 high Mar.20) and finally 1.1300 (psychological level)
The USD/CAD is trading at 1.166, 0.32% negative on the day. The short term perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
USD/CAD sentiment
Below the 1.1050, the USD/CAD would face supports at 1.1033 (daily cloud top) and then 1.1025 (low Mar.18). On the other hand, a break above 1.1170 (high Mar.26) would expose 1.1279 (2014 high Mar.20) and finally 1.1300 (psychological level)