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3 Mar 2014
USD/CAD rises above 1.1100
FXStreet (Córdoba) - The USD/CAD has regained the 1.1100 area, having climbed more than 70 pips throughout the day, as risk aversion amid Ukrainian tensions lifted the greenback against high-yielding currencies.
The USD/CAD bounced after hitting a 2-week low of 1.1038 during the Asian session and turned intraday positive, reaching a high of 1.1109 in recent dealings. Ahead of the next round of Canadian and US data, the pair is trading at the 1.1105 zone, recording a 0.3% gain on Monday.
USD/CAD technical levels
As for technical levels, the USD/CAD could find next resistances at 1.1143 (Feb 27 high), 1.1160 (Feb 27 high) and 1.1190 (Feb 21 high). On the other hand, supports are seen at 1.1038 (Mar 3 low), 1.1000 (psychological level) and 1.0967 (Feb 7 low).
The USD/CAD bounced after hitting a 2-week low of 1.1038 during the Asian session and turned intraday positive, reaching a high of 1.1109 in recent dealings. Ahead of the next round of Canadian and US data, the pair is trading at the 1.1105 zone, recording a 0.3% gain on Monday.
USD/CAD technical levels
As for technical levels, the USD/CAD could find next resistances at 1.1143 (Feb 27 high), 1.1160 (Feb 27 high) and 1.1190 (Feb 21 high). On the other hand, supports are seen at 1.1038 (Mar 3 low), 1.1000 (psychological level) and 1.0967 (Feb 7 low).