USD/CAD held above MA 200 H1

Yesterday, the USD/CAD traded all day with a slight drop and closed the day in the red zone near the level of C$1.3045. This morning, the Canadian currency grew and recovered to weekly highs. In general, USD/CAD has been trading for the eighth day in a row without a specific direction in the range of С$1.3030-75. On the hourly chart, the USD/CAD still remains above the resistance line of the moving average MA (200) Н1 (С$1.3055). At the same time, on a four-hour chart, USD/CAD is trading significantly lower than MA (200) H4 (C$1.3115).

• Resistances levels are at: C$1.3075, C$1.3105, C$1.3120

• Support levels are at: C$1.3015-30, C$1.2975, C$1.2955

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