USD/CAD posts fresh daily highs

FXStreet (Mumbai) - The US dollar advanced steadily against the Canadian counterpart, heading towards fresh five and a half year highs at 1.2018 reached in the last US session.

Currently, the USD/CAD pair trades higher by 0.18% at 1.1971 levels, having posted fresh daily highs at 1.1975 some minutes ago. The USD/CAD advanced largely due to a strengthening US dollar against the major currencies. The US dollar index, measuring the relative strength of the greenback against a basket of six major currencies, trades near daily highs of 92.51 levels, up 0.20% on the day. Moreover, resumption of oil price slide also added to the losses in loonie, pushing the pair higher.

USD/CAD Technical Levels

To the upside, the next resistance is located at 1.2025 levels and above which it could extend gains 1.2045 levels. To the downside immediate support might be located at 1.1927 (5-DMA) levels, below that at 1.19 levels.

Description: USD/CAD posts fresh daily highs
Reviewer: Unknown
Rating: 4.0
ItemReviewed: USD/CAD posts fresh daily highs

Artikel Terkait :