USD/CAD trades around 1.2950

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Source: Dukascopy Bank SA


During the early hours of July 19 trading, the USD/CAD currency pair declined below the 1.2950 mark.

In the near term future, the pair could look for support in the combination of the 1.2900 level and the weekly S1 simple pivot point at 1.2898. Further below, take into account the low level zone at 1.2820/1.2835.

On the other hand, a surge of the US Dollar against the Canadian Dollar might encounter resistance in the 1.3000 mark and the 50, 100 and 200-hour simple moving averages, which surround the notable psychological level.
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