FXstreet.com (Buenos Aires) - Rising old prices are helping Canadian dollar to extend current bullish rally, sending USD/CAD to 1.0370, one year low for the pair. Despite the continue sell off, upside movements seem limited in the pair as rising commodity prices favor further falls in the pair.

Under current low, pair will find next support at 1.0320 area, followed by stronger 1.0270/90 congestion zone. Resistances today lie at 1.0405, 1.0440 and finally 1.0486.