USD/CAD is consolidating after yesterday's rally

FXstreet.com (Córdoba)- USD/CAD has wavered between small losses and gains Friday and continue to consolidate within the ranges run after yesterday's rally.

In the absence of indicators, the only exit was a softer than expected PPI us during New York trading, the USD/CAD is moved sideways most of the day, you cannot set a fresh direction as investors refrain from taking large positions heading into the weekend and ahead of the Fed's meeting next week. The torque at the bottom to 1.0624 in Asia and then rose to 1.0668 finally settle around mid-range at the 1.0640 area, where little has changed on the day.

Technical levels USD/CAD

In terms of technical levels, the USD/CAD may find immediate resistance at 1.0668 (daily), and 1.0700 (psychological level) before 1.0706 (high December 4, 2013). On the other hand, supports are seen at 1.0624 (daily) and 1.0600 (psychological level).

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