USD/CAD recoup daily losses

USD/CAD recovered from session lows mainly driven by a setback in oil prices coupled with some dollar strength over the last hours.

The pair bottomed out at 1.3024 but found buyers and managed to erase intraday losses to currently trade at the 1.3060 zone, little changed on the day.

USD/CAD technical levels

As for technical levels, USD/CAD could find next resistances at 1.3095/1.3100 (Jul 20 high/psychological level), 1.3139 (Jul 11 high) and 1.3187 (May 24 high). On the other hand, supports are seen at 1.3008 (10-day SMA), 1.2958 (100-day SMA) and 1.2926 (Jul 18 low).