USD/CAD to Face Potential Resistance at 1.0900

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USD/CAD Daily

USD/CAD DailyUSD/CAD has been trending higher in the past few days. However, the dollar bulls’ resilience is about to be tested as the pair approaches a key resistance level at 1.0900. The psychological handle served as support in the past and may now provide USD/CAD with resistance. Not only that, the area coincides nicely with the 100 SMA on the daily time frame too!

To contact the reporter of this story: Jonathan Millet at john@forexminute.com.

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Jonathan Millet is currently the proud CEO of ForexMinute.com, the brand new financial news portal which is making waves among Forex traders around the globe for the innumerable Forex resources it offers. He also holds the position of Binary Options Consultant at ForexMinute.com. Before ForexMinute.com was around, Jonathan was a successful Forex dealer and chief market analyst at Forexyard. He has also worked as a Forex trader. His other specialties include advising financial companies of how to stay head of the competition.