USD/CAD unable to break above 1.0200

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USD/CAD unable to break above 1.0200

FITITOL--> FXstreet.com (San Francisco) - The Dollar's gains in front of its Canadian counterpart has been pared at 1.0200 after a 50 pips bullish movement on the back of US ISM weak data. USD/CAD has been unable to break above 1.0200 and now it is trading back at 1.0185.

USD/CAD is rising 0.25% so far today from opening price action and according to the FXstreet.com Technical Studies, the pair looks "Slightly Bullish" and "Extremely Oversold."

Mataf.net analysts point to resistances at 1.0195, 1.0235 and 1.0265. On the downside, supports might be found at 1.0155, 1.0105 and 1.0055.