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3 Oct 2013
USD/CAD holds above 1.0300
FXstreet.com (Córdoba) - After being rejected from a high of 1.0338, the USD/CAD weakened and turned negative for the day as the greenback remains vulnerable with the end of the US shutdown not expected anytime soon and debt ceiling looming.
USD/CAD broke below the 100-hour SMA and fell to fresh daily lows during the New York session before finding support at the 1.0310 zone. At time of writing, USD/CAD is trading around 1.0320, still 0.1% below its opening price.
USD/CAD technical levels
In terms of technical levels, the pair could find immediate supports at 1.0312 (daily low), 1.0300 (psychological level) and 1.0272 (Sep 30 low). On the flip side, resistances are seen at 1.0338 (daily high), 1.0355 (Oct 2 high) and 1.0365 (21-week SMA).
USD/CAD broke below the 100-hour SMA and fell to fresh daily lows during the New York session before finding support at the 1.0310 zone. At time of writing, USD/CAD is trading around 1.0320, still 0.1% below its opening price.
USD/CAD technical levels
In terms of technical levels, the pair could find immediate supports at 1.0312 (daily low), 1.0300 (psychological level) and 1.0272 (Sep 30 low). On the flip side, resistances are seen at 1.0338 (daily high), 1.0355 (Oct 2 high) and 1.0365 (21-week SMA).