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13 Aug 2013
USD/CAD capped by 100-hour SMA
FXstreet.com (Córdoba) - The USD/CAD pushed to fresh day highs at the beginning of the American session after US retail sales and import prices came in slightly below expectations.
However, USD/CAD lacked momentum to surpass the 100-hour SMA, which acted as dynamic resistance at the 1.0340 zone, and retreated to pre-data levels. At time of writing, USD/CAD is trading at the 1.0325 area, where it records a 0.2% gain on the day.
USD/CAD technical levels
As for technical levels, immediate supports could be found at 1.0300 (psychological level) and 1.0280 (100-day SMA), while resistances are seen at 1.0340 (100-hour SMA) and 1.0355 (200-hour SMA).
However, USD/CAD lacked momentum to surpass the 100-hour SMA, which acted as dynamic resistance at the 1.0340 zone, and retreated to pre-data levels. At time of writing, USD/CAD is trading at the 1.0325 area, where it records a 0.2% gain on the day.
USD/CAD technical levels
As for technical levels, immediate supports could be found at 1.0300 (psychological level) and 1.0280 (100-day SMA), while resistances are seen at 1.0340 (100-hour SMA) and 1.0355 (200-hour SMA).