USD/CAD finds resistance at 1.0870

FXStreet (San Francisco) - After rising 70 pips from the 1.0800 traded in the European morning, the USD/CAD tested highs since June 18 at 1.0870 level where the pair was rejected down to price at 1.0840.

Currently, USD/CAD is trading at 1.0852, up 0.49% on the day, having posted a daily high at 1.0868 and low at 1.0795. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/CAD levels

If the pair manages to break 1.0870, it would face resistances at 1.0900 and 1.0955. On the downside, supports are at 1.0800, 1.0710 and 1.0630.