USD/CAD briefly rises above 1.2400

FXStreet (Córdoba) – USD/CAD pushed higher and printed its highest level since last Wednesday as the loonie weakened in tandem with oil prices amid broad risk aversion given the uncertain Greek situation.

After filling the downward weekly opening gap, USD/CAD resumed the advance and climbed more than 100 pips to a peak of 1.2411, with the latest series of Canadian data offering little help. At time of writing, the pair is trading at 1.2378, recording a 0.52% gain on the day as crude oil prices are down about 1.9%.

USD/CAD levels to watch

In terms of technical levels, USD/CAD could find next resistances at 1.2411 (Jun 29 high), 1.2422 (Jun 24 high) and 1.2441 (Jun 9 high). On the other hand, supports are seen at 1.2303 (Jun 29 low/10-day SMA) and 1.2275 (Jun 24 low).

USD/CAD pushed higher and printed its highest level since last Wednesday as the loonie weakened in tandem with oil prices amid broad risk aversion given the uncertain Greek situation.

(Market News Provided by FXstreet)