FXstreet.com (Barcelona) - The Dollar has been advancing against the Canadian during the European session After breaking MA55 hourly chart at 1.0480 to rise 55 pips to hit intra-day high at 1.0535. Currently the pair is trading around 1.0515/25, 0.45% above today's opening price action at 1.0465.

Rajoo C, analyst at Precise Trader, commented this morning: The  Price is trading  Below  Monthly,  but above Weekly  open and  closed  Above the Res  Zone 1 and with the bulls  gave up mildly towards the close. The Price on the Hourly is in a Range trading  and expect the price to be choppy with a potential to test the highs , the price should not trade  below 10400-10350  levels to maintain the bullish outlook. On the 5 min is choppy and the price patterns suggesting to test the highs . The Bulls pay attention to 10395-10300 levels while the Bears pay attention to 10585-10670.  Conservative Traders:  Stay SIDELINED  or strictly trade only at Precise Traders Report levels. Aggressive Traders :  Stay SIDELINED or LONG near 10395-10300  with  a tight Stop and  50 pips as  price targets.

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