Forex: USD/CAD finds support at 1.0595, back to 1.0630

04 November 2009 @ 08:03 am EDT

FXstreet.com (Barcelona) - The Canadian dollar has found support against the Dollar after rejecting the MA200 hourly chart level at 1.0680 to break previous support at 1.0440 and falls around 85 pips to hit intra-day low at 1.0595.

Currently the pair is trading around 1.0625/35, 0.25% below today's opening price action at 1.0660. USD/CAD has extended today its decline from 1-month high at 1.0852 reached yesterday session.

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