Forex: USD/CAD falls to test lows at 1.0050

FXstreet.com (San Francisco) - The US Dollar is currently trading lower against its Canadian counterpart and after falling around 40 pips from 1.0090 the USD/CAD has tested lows since February 15 at 1.0050. Currently the pair is pricing at 1.0075.

Almost flat on the day, the USD/CAD is trading strongly bearish accoring to the FXstreet.com trend index with indicators such as MACD, the CCI and the Momentum pointing to the south while the Stochastic is neutral in the 15-minutes chart.

Below the 1.0050, next supports are at 1.0000 key level and 0.9990. On the upside, 1.0080, 1.0100 and 1.0120.