USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CAD and closed at 1.3271.
In economic news, Canada’s wholesale sales advanced above expectations by 1.0% on a monthly basis in April, following a revised 1.2% rise in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3278, with the USD trading a tad higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3226, and a fall through could take it to the next support level of 1.3175. The pair is expected to find its first resistance at 1.3307, and a rise through could take it to the next resistance level of 1.3337.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
