USD/CAD falls to daily lows

FXstreet.com (Córdoba) - The loonie erased losses versus the dollar, helped by better-than-expected Canadian Ivey PMI and broad USD weakness.

USD/CAD slipped from a session high of 1.0355 back to touch a marginal new low for the day at 1.0305 before finding support. At time of writing, the pair is trading around 1.0320, now 0.2% below its opening price.

As for technical levels, next supports are seen at 1.0300/05 (psychological level/ daily low) and 1.0270 (Jun 4 low). On the other hand, resistances could be faced at 1.0365 (daily high) and 1.0400 (psychological level).