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USD/CAD bounces from below 1.0300

FXstreet.com (Córdoba) - The USD/CAD fell sharply and completely erased intraday gains during the American session, as market sentiment improved and gave currencies linked to commodities a decent boost.

However, the loonie was unable to drag the USD/CAD decisively below the 1.0300 psychological level and after hitting a low of 1.0296 the pair bounced back to the 1.0315 zone. At time of writing, USD/CAD is trading at mid-range around 1.0310, where it records a 0.2% gain on the day.

USD/CAD levels to watch

As for technical levels, immediate resistances for USD/CAD line up at 1.0340 (Oct 4 high) and 1.0363 (100-day SMA), while supports are seen at 1.0290 (daily low) and 1.0230 (200-day SMA).

USD/CHF failing at the gap, a reversal on the cards?

USD/CHF has been one of the best performers of late, although the pair did manage to score a high of Friday above 0.9080 resistance.
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Flash: It's the season to be jolly for the Yen – TD Securities

Research teams at TD Securities said that seasonally, October has been one of the best months of the year for the JPY over the past 25 years.
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