Forex: USD/CAD falls to fresh lows beneath 1.0180

FXstreet.com (Córdoba) - The USD/CAD extended its decline, breaking below the 1.0180 support level and Asian session low as the greenback continues to be heavily sold against most rivals.

USD/CAD fell to a low of 1.0155, last seen Apr 15, before recovering slightly. At time of writing, the cross is trading at the 1.0160, recording a 0.4% daily loss.

On the downside, if USD/CAD breaks decisively below 1.0155, next supports are seen at 1.0130 (Apr 15 low) and 1.0100 (psychological level), while on the upside, resistances could now be found at 1.0180 (former support) and 1.0200 (psychological level).

Apr 26, 2013

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