by Tue, 13 Jul 2010 20:21:00 +0200
Forex: USD/CAD rebounds from 3-week lows to 1.0365
FXstreet.com (Córdoba) – The Canadian Dollar trimmed gains against the Dollar in the last hours. USD/CAD rebounded at 3-week lows at 1.0275 and jumped almost a hundred pips to 1.0365. Currently trades at 1.0332/36, 0.35% below today’s opening price.
Despite rising against the Dollar, the Loonie is among the worst performers in the group of commodities currencies and is posting important losses against the NZD and AUD.
The Loonie was affected by an unexpected deficit in the Canadian trade balance for the month of May.
| Technical Analysis (2010-07-13 17:45 GMT) | |
|---|---|
USD/CAD 1.0336/1.0338 - O: 1.0448 H: 1.0452 L: 1.0435 C: 1.0438 | |
| Trend | R3: 1.0348 |
 | R2: 1.0322 |
| R1: 1.0296 | |
| S1: 1.0214 | |
| S2: 1.0240 | |
| S3: 1.0266 | |
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