For the 24 hours to 23:00 GMT, the USD rose 8.10% against the CAD and closed at 1.4098.
In the Asian session, at GMT0300, the pair is trading at 1.4090, with the USD trading 0.06% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.4026, and a fall through could take it to the next support level of 1.3963. The pair is expected to find its first resistance at 1.4134, and a rise through could take it to the next resistance level of 1.4179.
Moving ahead, investors would keep a close watch on Canada’s manufacturing sales for March, slated to release later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.