USD CAD had some positive movements
10/5/2016 12:53:27 PM
The dollar is expanding its positive momentum against its Canadian neighbor on Wednesday, with USD/CAD up smalls and around the 1.3200 handle.
Spot has now faded part of Tuesday’s strong advance to daily tops in the area of the key 200-day SMA near 1.3220, though it is so far manages to stay close to the 1.3200 handle early in the European morning.
As of writing the pair is up 0.03% at 1.3195 facing the next persistence at 1.3275 ahead of 1.3310 and ultimately 1.3575. On the other hand, a breach of 1.3137 would open the door to 1.2995 and then 1.2820.