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USD/CAD breaks below 1.0950

The USD/CAD is extending its 1.0985 Friday's rejection and currently, the pair is breaking below the 1.0950 level and now it is testing daily lows at 1.0940.

Currently, USD/CAD is trading at 1.0944, down 0.26% on the day, having posted a daily high at 1.0979 and low at 1.0940. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.

USD/CAD levels

If the pair consolidates levels below 1.0950, next supports are seen at 1.0908 (Aug 8 low), 1.0898 (23.6% Fibo of 1.0619/1.0985) and 1.0874 (100-day SMA). On the other hand, resistances could be found at 1.0983/85 (Aug 8 & 6 highs) and 1.1000 (psychological level).

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