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13 May 2013
Forex: USD/CAD hovers below 1.0100
FXstreet.com (Córdoba) - The Canadian dollar has continued to push higher versus its US counterpart after news that US retail sales unexpectedly rose in April.
USD/CAD fell to a daily low of 1.0081 and currently trades at the 1.0090 area, where it is 0.2% below its opening price, having retreated from a peak of 1.0124 scored in Asian trading.
On the downside, if USD/CAD falls below 1.0080, next support could be found at 1.0060 (200-day SMA), followed by 1.0013 (low May 9). On the other hand, immediate resistances are seen at 1.0005 (intraday support), 1.0130 (daily high) and 1.0150 (21-day SMA).
USD/CAD fell to a daily low of 1.0081 and currently trades at the 1.0090 area, where it is 0.2% below its opening price, having retreated from a peak of 1.0124 scored in Asian trading.
On the downside, if USD/CAD falls below 1.0080, next support could be found at 1.0060 (200-day SMA), followed by 1.0013 (low May 9). On the other hand, immediate resistances are seen at 1.0005 (intraday support), 1.0130 (daily high) and 1.0150 (21-day SMA).