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25 Jun 2013
USD/CAD fails to sustain gains
FXstreet.com (Córdoba) - The USD/CAD pulled back to the 1.0500 area during the American afternoon as the greenback lost momentum across the board.
USD/CAD trades flat on the day
The US dollar was propelled by better-than-expected confidence, housing and durable goods orders at the beginning of the NY session, with USD/CAD reaching a high of 1.0546. However, USD/CAD failed to sustain gains and retreated to trade nearly flat on the day at the 1.0490/1.0500 region.
As for technical levels, on the upside, resistances line up at 1.0546 (daily high) and 1.0555 (Jun 25 high), while supports could be faced at 1.0455 (daily low) and 1.0400 (psychological level/100-hour SMA).
USD/CAD trades flat on the day
The US dollar was propelled by better-than-expected confidence, housing and durable goods orders at the beginning of the NY session, with USD/CAD reaching a high of 1.0546. However, USD/CAD failed to sustain gains and retreated to trade nearly flat on the day at the 1.0490/1.0500 region.
As for technical levels, on the upside, resistances line up at 1.0546 (daily high) and 1.0555 (Jun 25 high), while supports could be faced at 1.0455 (daily low) and 1.0400 (psychological level/100-hour SMA).