Forex: USD/CAD recovers the mark of 1.0264/68

The USD/CAD has recovered the mark of 1.0264/68 at the time of writing, having rallied 12 pips off in recent minutes. The rising price of crude has helped buoy the CAD Tuesday, though the pair is currently notching a +0.03% gain during American trading.

“The USD/CAD moved slightly to the upside and is currently close to 1.0295 resistance. Meanwhile, prolonged stability below the 1.0355 levels will keep negative possibility valid affected by the bearish harmonic Bat Pattern.” notes the ICN.com analyst team.

ICN.com analysts point to resistances at 1.0260, onto 1.0215, and finally 1.0200. Conversely, the USD/CAD will face resistance at 1.0295 then of 1.0310, and 1.0355.