For the 24 hours to 23:00 GMT, the USD rose 0.85% against the CAD and closed at 1.2389 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.2420, with the USD trading 0.25% higher against the CAD from Friday’s close.
The pair is expected to find support at 1.231, and a fall through could take it to the next support level of 1.2201. The pair is expected to find its first resistance at 1.249, and a rise through could take it to the next resistance level of 1.2561.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.