USD/CAD extends bounce above 1.0870

FXStreet (San Francisco) - The USD/CAD is extending its bounce at 1.0850 as the pair is advancing to further daily highs around 1.0875 after the US opening bell.

Currently, USD/CAD is trading at 1.0870, up 0.10% on the day, having posted a daily high at 1.0877 and low at 1.0848. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

USD/CAD levels

If the pair remains with its bullish mood, it would face next resistances at 1.0875, 1.0890 and 1.0900. On the downside, supports are seen at 1.0850, 1.0830 and 1.0815.