USD/CAD turns previous support at 1.05 now resistance

FXstreet.com (Barcelona) – The USD/CAD foreign exchange rate is last quoted at 1.0491, off recent session lows at 1.0475, about to break even for the week so far, retracing from Tuesday’s weekly highs at 1.0540.

USD/CAD trading to remain choppy

“USD/CAD trading remains quite choppy,” said the TD Securities Toronto based FX Research Team, adding: “The early trade in North America has been to retest the upper 1.04 zone but, again, follow through interest is lacking. We look at the drift back in spot from the upper 1.05 area over the past few days as a consolidation. The bull trend …read more