[COLOR="#0000FF"]USD/CAD jumps to 2-month highs at 1.0525
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The US Dollar is trading higher against its Canadian counterpart in the American session and after jumping around 35 pips in the last hour the USD/CAD has broken above the 1.0510 and reached fresh highest since September 4th at 1.0525.
The USD/CAD is currently trading at 1.0512, 0.50% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
Above the 1.0525, next resistances come at 1.0550 and 1.0565. On the downside, supports are at 1.0500, 1.0480 and 1.0440.
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Nov 14,2013
OctaFX.Com News Updates