USD/CAD pulls back and erases gains

FXstreet.com (Córdoba) - USD/CAD continues to consolidate around a flat line Thursday after the latest bearish attempt was contained by the 1.0315 zone, confining the pair to a phase of consolidation.

USD/CAD eased slightly and pulled back from highs at the beginning of the New York session as the greenback remains vulnerable despite better-than-expected jobless claims. At time of writing, USD/CAD is trading at 1.0330, still stuck within its recent range having hit a low of 1.0317 and a high of 1.0338.

USD/CAD technical levels

In terms of technical levels, the pair could find immediate resistances at 1.0338 (daily high), 1.0355 (Oct 2 high) and 1.0365 (21-week SMA). On the other hand, supports are seen at 1.0320 (100-hour SMA), 1.0300 (psychological level) and 1.0272 (Sep 30 low).