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22 Sep 2014
USD/CAD breaks above 1.1000
FXStreet (San Francisco) - The US Dollar is extending its gains versus its Canadian counterpart as the pair is now trading above the 1.1000 level after completing a 40-pip bullish trip from 1.0970 to 1.1015.
Currently, USD/CAD is trading at 1.1004, up 0.38% on the day, having posted a daily high at 1.1015 and low at 1.0925. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CAD levels
If the pair consolidates levels above 1.1000, it will find next resistances at 1.1020, 1.1040 and 1.1070. On the downside, supports are at 1.0980, 1.0925 and 1.0885.
Currently, USD/CAD is trading at 1.1004, up 0.38% on the day, having posted a daily high at 1.1015 and low at 1.0925. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
USD/CAD levels
If the pair consolidates levels above 1.1000, it will find next resistances at 1.1020, 1.1040 and 1.1070. On the downside, supports are at 1.0980, 1.0925 and 1.0885.