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19 Jun 2013
USD/CAD falls to fresh lows
FXstreet.com (Córdoba) - The USD/CAD dipped below the 1.0200 mark at the beginning of the New York session after data showed Canadian wholesales grew in line with expectations in April.
USD/CAD resumes the decline
Despite USD/CAD attempted to recover, it failed to regain the 1.0200 level and came under renewed pressure, resuming the downside to a new low of 1.0180. At time of writing, USD/CAD is trading at the 1.0185 area, where it records a 0.3% loss.
In terms of technical levels, immediate supports are seen at 1.0150 (Jun 17 low) and 1.0135 (Jun 14 low), while resistances are seen at 1.0237 (daily high) and 1.0265 (20-day SMA).
USD/CAD resumes the decline
Despite USD/CAD attempted to recover, it failed to regain the 1.0200 level and came under renewed pressure, resuming the downside to a new low of 1.0180. At time of writing, USD/CAD is trading at the 1.0185 area, where it records a 0.3% loss.
In terms of technical levels, immediate supports are seen at 1.0150 (Jun 17 low) and 1.0135 (Jun 14 low), while resistances are seen at 1.0237 (daily high) and 1.0265 (20-day SMA).