29 Jan 2015
USD/CAD on consolidation phase after peaking at 1.2675
FXStreet (San Francisco) - The USD/CAD is trading in a phase of consolidation above 1.2600 after peaking fresh highs since 2009 at 1.2675.
Ealier in the day, the USD/CAD rallied more than 150 pips from 1.2520 to current highs. Currently, USD/CAD is trading at 1.2620, up 0.78% on the day, having posted a daily high at 1.2679 and low at 1.2508.
USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair resumes the uptrend, it will find next resistances at 1.2675, 1.2700 and the 1.2720. To the downside, supports are at 1.2600, 1.2560 and 1.2515.
Ealier in the day, the USD/CAD rallied more than 150 pips from 1.2520 to current highs. Currently, USD/CAD is trading at 1.2620, up 0.78% on the day, having posted a daily high at 1.2679 and low at 1.2508.
USD/CAD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/CAD levels
If the pair resumes the uptrend, it will find next resistances at 1.2675, 1.2700 and the 1.2720. To the downside, supports are at 1.2600, 1.2560 and 1.2515.