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USD/CAD falters ahead of 1.3300

FXStreet (Córdoba) - USD/CAD rose to test the 1.3300 area but failed to break above the psychological level and it has spent the last hours oscillating just below.

The Canadian dollar, and commodity currencies in general, came under broad selling pressure on Tuesday, with oil prices on the back foot, amid persistent worries over the global growth outlook. USD/CAD was trading at 1.3278, up 0.18% on the day, having peaked at 1.3297 earlier on the session.

USD/CAD levels to watch

In terms of technical levels, a break above 1.3300 would pave the way to 1.3309 (Sep 7, 8 & 11 highs) and 1.3326 (Aug 31 high). On the flip side, supports are seen at 1.3218 (Sep 22 low), 1.3175 (Sep 21 low) and 1.3134 (50-day SMA).

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