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13 May 2015
USD/CAD hovering around 1.1950
FXStreet (Córdoba) - USD/CAD is falling for the second day in a row and remain near daily lows. Earlier, after the release of US economic data the pair dropped to 1.1927, reaching the lowest level since January 18.
So far the decline below 1.1930 has been limited but price remains near the lows with a bearish tone as the US dollar consolidates losses across the board weakened by the US retail sales report.
USD/CAD technical levels
To the downside, immediate support lies around 1.1925/30 (Apr 29, May 6) and below here at 1.1890 (January 9 high) and 1.1845. On the opposite direction resistance could be located at 1.1980 (American session high), 1.2000 and 1.2025/30 (daily high).
So far the decline below 1.1930 has been limited but price remains near the lows with a bearish tone as the US dollar consolidates losses across the board weakened by the US retail sales report.
USD/CAD technical levels
To the downside, immediate support lies around 1.1925/30 (Apr 29, May 6) and below here at 1.1890 (January 9 high) and 1.1845. On the opposite direction resistance could be located at 1.1980 (American session high), 1.2000 and 1.2025/30 (daily high).