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Forex: USD/CAD rises to 1.0235, highest since March 22nd

FXstreet.com (San Francisco) - After rising 35 pips in the latest couple of hours from 1.0200, the USD/CAD has advanced to break above previous highs at 1.0225 and reach fresh maximum since March 22nd at 1.0235.

Currently the pair is trading at 1.0220, 0.75% positive on the day and still slightly bullish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are bullish while the MACD and Stochastic are neutral.

Above 1.0235, next resistances are at 1.0238 (high Mar 25) and 1.0244 (61.8% of Feb-Apr drop).
On the flip side, a breakdown of 1.0150 (MA10d) would expose 1.0145 (high Apr.12) and then 1.0084 (low Apr.11).

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