# USD/CAD Resistance Turned Support (July 12, 2013) Source: https://www.tradersway.com/resources/market-info/usd-cad-resistance-turned-support-july-12-2013/ Language: en Updated: 2013-07-12 Description: Explore USD/CAD Resistance Turned Support (July 12, 2013). The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. Stochastic is already in the oversold region, suggesting that a potential bounce could take place soon. The pair is currently stalling around the 50% Fibonacci retracement level, which is in line with a former resistance area. ![USD/CAD Resistance Turned Support (July 12, 2013)] There are no reports due from Canada today, but the US is set to print its PPI data and UoM consumer sentiment report. Stronger than expected figures could remind traders that the Fed is still relatively one of the more hawkish central banks, which could renew demand for the US dollar. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-cad-resistance-turned-support-july-12-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-cad-resistance-turned-support-july-12-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-cad-resistance-turned-support-july-12-2013/", "headline": "USD/CAD Resistance Turned Support (July 12, 2013)", "inLanguage": "en", "datePublished": "2013-07-12T09:57:34+00:00", "dateModified": "2013-07-12T09:57:34+00:00", "articleSection": "Market Info", "description": "Explore USD/CAD Resistance Turned Support (July 12, 2013). The. 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