Forex: USD/CAD bounces at 1.0250

Following a negative movement from 1.0280, the USD/CAD found support at 1.0250, Monday March 11 bottom. At this point, the pair bounced to test the new resistance of 1.0270. Currently the pair is trading at 1.0260, almost flat on the day.

The USD/CAD's trend index is slightly bullish, Momentum indicator is bullish while CCI is bearish. MACD, Stochastic and RSI are neutral according to the Fxstreet.com Forex Studies. The USD/CAD would face resistances at 1.0270, 1.0280 and 1.0300.

On the downside, the pair's supports come at 1.0250, 1.0230 and 1.0215.