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5 Jun 2013
USD/CAD settles at mid-range
FXstreet.com (Córdoba) - After seesawing from a low of 1.0325 to a high of 1.0380, USD/CAD managed to steady around mid-range during the American afternoon.
USD/CAD has spent the last hours consolidating in a slim range around 1.0340/50, where it trades nearly flat on the day, showing muted reaction to the Fed's Beige Book release.
As for technical levels, on the upside immediate resistances are seen at 1.0380 (daily high) and 1.0400 (psychological level), while supports are seen at 1.0325 (daily low/200-hour SMA) and 1.0300 (psychological level).
USD/CAD has spent the last hours consolidating in a slim range around 1.0340/50, where it trades nearly flat on the day, showing muted reaction to the Fed's Beige Book release.
As for technical levels, on the upside immediate resistances are seen at 1.0380 (daily high) and 1.0400 (psychological level), while supports are seen at 1.0325 (daily low/200-hour SMA) and 1.0300 (psychological level).