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6 Aug 2014
USD/CAD extends decline to 1.0925
FXStreet (San Francisco) - The USD/CAD is extending its rejection from 3-month highs at 1.0985 and following a 60 pip decline, the pair is now testing the 1.0925 area.
Currently, USD/CAD is trading at 1.0930, down -0.28% on the day, having posted a daily high at 1.0988 and low at 1.0926. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
Below the 1.0925, the USD/CAD would face supports at 1.0900 and 1.0875. On the upside, resistances are at 1.0985, 1.1000 and 1.1050.
Currently, USD/CAD is trading at 1.0930, down -0.28% on the day, having posted a daily high at 1.0988 and low at 1.0926. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
Below the 1.0925, the USD/CAD would face supports at 1.0900 and 1.0875. On the upside, resistances are at 1.0985, 1.1000 and 1.1050.