USD/CAD breaks above 1.1000

FXStreet (San Francisco) - The US Dollar is extending its gains versus its Canadian counterpart as the pair is now trading above the 1.1000 level after completing a 40-pip bullish trip from 1.0970 to 1.1015.

Currently, USD/CAD is trading at 1.1004, up 0.38% on the day, having posted a daily high at 1.1015 and low at 1.0925. 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 consolidates levels above 1.1000, it will find next resistances at 1.1020, 1.1040 and 1.1070. On the downside, supports are at 1.0980, 1.0925 and 1.0885.