USD/CAD Biased Up but Positive Risk Slow Gains

        0038 GMT [Dow Jones] USD/CAD is likely to trade in a higher range Tuesday, supported by positive dollar sentiment and softer oil prices. But USD/CAD gains are tempered by Loonie demand on a buoyant CAD/JPY cross amid positive investor risk appetite. The daily chart is mixed as the MACD indicator is bullish but the slow stochastic measure is bearish at overbought levels. Resistance is at 1.1384 (Monday's high); a breach would expose upside to 1.1448 (Friday's high), then to 1.1466 (Wednesday's high). Support is at 1.1297 (Monday's low); a breach would target 1.1261 (Nov. 3 low). Spot USD/CAD is at 1.1378. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires
        November 10, 2014 19:38 ET (00:38 GMT)