FXstreet.com (Barcelona) - USD/CAD is flat, as it has falling 0.01% along the day from the opening price at 1.2145 to the currently 1.2142. The pair has been traded between a small range between 1.2100 and 1.2160 the last four hours.
Yesterday, USD/CAD reached the 1.2064, lowest since February 28, and the pair fell 0.39% from the opening price at 1.2193, reaching 1.2241 as maximum and 1.2064 as minimum, to close at 1.2143.
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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