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18 Apr 2013
Forex: USD/CAD rises to session highs
FXstreet.com (Córdoba) - The US dollar rose to retest session highs versus its Canadian counterpart as risk aversion resurged during the American afternoon, weighing on stocks and other risky assets.
Having bounced from a daily low of 1.0229, USD/CAD climbed over 40 pips to the 1.0270 zone before stalling. At time of writing, the pair is trading around 1.0260/65 where it is virtually unchanged since opening.
As for technical levels, next resistances are seen at 1.0300 (psychological level) and 1.0315 (Mar 8 high), while supports could be found at 1.0230 (intraday low) and 1.0200 (psychological level).
Having bounced from a daily low of 1.0229, USD/CAD climbed over 40 pips to the 1.0270 zone before stalling. At time of writing, the pair is trading around 1.0260/65 where it is virtually unchanged since opening.
As for technical levels, next resistances are seen at 1.0300 (psychological level) and 1.0315 (Mar 8 high), while supports could be found at 1.0230 (intraday low) and 1.0200 (psychological level).