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19 Jun 2013
USD/CAD jumps to 1.0285
FXstreet.com (San Francisco) - The Dollar bullishness is rampant across the market and against its Canadian counterpart, the Greenback has jumped 115 pips following the Bernanke's statement on Fed exit strategy.
After rallying 115 pips from 1.0170, the USD/CAD broke 1.0240 to trade at highs since June 6 at 1.0285 where the pair has found resistance. Currently it's pricing at 1.0265, 0.55% positive on the day. Short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral in the same timeframe.
After rallying 115 pips from 1.0170, the USD/CAD broke 1.0240 to trade at highs since June 6 at 1.0285 where the pair has found resistance. Currently it's pricing at 1.0265, 0.55% positive on the day. Short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral in the same timeframe.