USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CAD and closed at 1.3354.
In the Asian session, at GMT0400, the pair is trading at 1.3366, with the USD trading 0.09% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3327, and a fall through could take it to the next support level of 1.3289. The pair is expected to find its first resistance at 1.3390, and a rise through could take it to the next resistance level of 1.3415.
This afternoon will bring a crucial Canadian release, namely the consumer price index for February.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
