FXstreet.com (Barcelona) - USD/CAD is falling after the US opening bell and it is testing the 1.2100 support. Currently the pair is trading at 1.2897 after falling 0.37% from today's opening price at 1.2145.
According to Valeria Bednarik, FXstreet.com collaborator, USD/CAd is bearish: USD/CAD continues tending lower after breaking a long term ascendant daily trend line past Monday, yet the rally was halted by falling oil prices that move under t$50.00 a barrel. Quoting around 1.2135, the pair has technical supports at 1.2100 and 1.2061, yesterday's low. Break under this last could trigger downside momentum in the pair, and send it close to the key 1.2000 zone. Resistances, on the other hand, lie at 1.2166, 1.2183 and finally 1.2240.
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