For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD and closed at 1.3480.
In the Asian session, at GMT0400, the pair is trading at 1.3467, with the USD trading 0.1% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3438, and a fall through could take it to the next support level of 1.3409. The pair is expected to find its first resistance at 1.3495, and a rise through could take it to the next resistance level of 1.3523.
Ahead in the day, investors will keep a close watch on Canada’s existing home sales data for February.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.