USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9949.
In the US, initial jobless claims declined to 369,000 in the week ended October 20, compared to the previous week’s revised figure of 392,000.
In the Asian session, at GMT0300, the pair is trading at 0.9957, with the USD trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 0.9920, and a fall through could take it to the next support level of 0.9883. The pair is expected to find its first resistance at 0.9976, and a rise through could take it to the next resistance level of 0.9996.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
