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USD/CAD dropped below 1.0300

USD/CAD opened the week with a gap down as the US dollar suffered from the news that the “hawkish” Larry Summers will not participate in the Fed chairman bid. The pair dipped to 1.0280 – the lowest level since mid August. However, for now the downside remains limited by the buy orders at 1.0280/70.

Support: 1.0280/70, 1.0250/45,

Resistance: 1.0300, 1.0325, 1.0335, 1.0350, 1.0400

Сhart. H4 USD/CAD

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