Forex: USD/CAD tests 0.9900

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Forex: USD/CAD tests 0.9900

FITITOL--> FXstreet.com (San Francisco) - The Dollar has continued with its advance against its Canadian counterpartner during the American session and after consolidating levels around 0.9875 and 0.9890 in the early session, the pair has climbed to reach 1-week high at 0.9902.

Currently the pair is trading at 0.9897, testing 0.9900 zone and rising 0.45% so far today from opening price action. According to FXstreet.com Technical Studies, the pair seems "Slightly Bullish" and "Extremely Oversold."

Above 0.9900 level, the pair has resistances at 0.9931 and 0.9961, according to FXstreet.com pivot points on technical tools. On the downside, there is support at 0.9823, before 0.9793 and 0.9754.