USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.75% against the CAD to close at 0.9829.
The Canadian dollar rose against the greenback as Libya’s uprising reduced supplies from Africa’s third-biggest oil-producing country.
In the Asian session at 4:00GMT, the pair is trading at 0.9818, 0.11% lower from the New York session close.
The first area of short term resistance is observed at 0.9874, followed by 0.9931 and 1.0020. The first area of support is at 0.9785, with the subsequent supports at 0.9753 and 0.9664.
The currency pair is trading just below its 20Hr moving average and well below its 50Hr moving average.
