USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9967.
In Canada, wholesale sales declined 1.4% (MoM) in September, compared to a downwardly revised 0.3% increase recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9988, with the USD trading 0.22% higher from yesterday’s close.
The pair is expected to find support at 0.9965, and a fall through could take it to the next support level of 0.9942. The pair is expected to find its first resistance at 1.0002, and a rise through could take it to the next resistance level of 1.0015.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
