USD/CAD bounces from 1.0140 ahead of NY session

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USD/CAD bounces from 1.0140 ahead of NY session

FITITOL--> FXstreet.com (Barcelona) - Following yesterday’s shy corrective movement in consolidation, the USD/CAD is back in decline after Friday’s plunge. The pair is currently bouncing from the daily low, 1.0140, printed during the European session as the NY session opens ahead.

Yesterday’s contracting ISM manufacturing PMI in the US opens doors to further QE. Iranian tensions are also strengthening oil prices. Brent crude was caped at $100. WTI crude oil is currently at 87.75.

Mataf.net analysts point to resistances at 1.0155, 1.0170 and 1.0205. On the downside, supports might be found at 1.0140, 1.0130 and 1.0105.