USD/CAD strongly rejected at 1.0680; now at daily lows

FXStreet (San Francisco) - After trying to break above highs around 1.0680, the USD/CAD was rejected at this level and launched to trade at daily lows around 1.0630.

Currently, USD/CAD is trading at 1.0636, down 0.26% on the day, having posted a daily high at 1.0682 and low at 1.0633. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.

USD/CAD levels

On the downside, a break below 1.0620 would expose the 1.0600 area ahead of 1.0590. On the upside, resistances are at 1.0645, 1.0680 and 1.0695.