Forex: USD/CAD bounces at 1.0125, back to 1.0145

FXstreet.com (San Francisco) - After falling around 25 pips from 1.0150 in the European session to test Tuesday's low at 1.0125, the USD/CAD has bounced at this level with the pair trading back to 1.0145. Currently the pair is pricing at 1.0145.

The pair is almost flat on the day but slightly bearish according to the FXstreet.com forex studies. Indicators are mixed on the 1-hour chart: Momentum is bearish, CCI is bullish and the MACD and Stochastic are neutral.

Next support levels align at 1.0125 (low Apr.2) followed by 1.0102 (low Feb.19) and then 1.0055 (low Feb.18).
On the flip side, a breakout of 1.0155 (high Apr.3) would aim for 1.0169 (high Apr.2) and finally 1.0181 (MA10d).