USD/CAD bounces at 1.0930; back to 1.0945

FXStreet (San Francisco) - Earlier in the day, the USD/CAD rallied to daily highs at 1.0950 where the pair was rejected and launched back to 1.0930. At this level the US dollar bounced and now it is trading at 1.0945.

Currently, USD/CAD is trading at 1.0944, up 0.23% on the day, having posted a daily high at 1.0955 and low at 1.0919. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bullish.

USD/CAD levels

If the pair extends its bounce, next resistance will be 1.0950 ahead of 1.0975 and 1.0982. On the downside, supports are at 1.0930, 1.0920 and 1.0910.