FXstreet.com (Córdoba) - The Canadian Dollar rose sharply for the second day in a row against Greenback. USD/CAD tumbled to 1.0480 posting a fresh 2-week. Currently trades at 1.4930/35 near the lows of the day.
On the downside the next support lies at 1.0450 (Oct 23 low) and below at 1.0375. To the upside, resistance could be located at 1.0540 and above at 1.0600.
The pair has fallen more than 250 pips in the last two days, helped by the rise in stocks and crude oil prices.