FXStreet (Barranquilla) – The USD/CAD is extending its decline below 1.2350 and after falling 60 pips in the last two hours, the pair is trading now at 1.2315.
The US Dollar is posting its first daily lost in the last five days against the Canadian Dollar. Since Wednesday’s high of 1.2420, the USD/CAD has fallen around 200 pips to actual levels.
Currently, USD/CAD is trading at 1.2322, down 0.48% on the day, having posted a daily high at 1.2401 and low at 1.2315. USD/CAD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/CAD levels
If the pair manages to extend its decline, it will find supports at 1.2290, 1.2270 and 1.2240. To the upside, resistances are at 1.2360, 1.2400 and 1.2420.
(Market News Provided by FXstreet)