USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD, on Friday, to close at 1.0299.
Canadian dollar declined against USD, as concerns of a Greek default and festering concerns over a possible recession weighed on investor sentiment. Additionally, Canadian dollar was further weighed down by fall in the crude oil prices.
In the Asian session at 3:00GMT, USD is trading at 1.0312, 0.13% higher against the Canadian dollar from Friday’s close at 23:00 GMT.
The first area of short term resistance is observed at 1.0364, followed by 1.0417 and 1.0537. The first area of support is at 1.0244 with the subsequent supports at 1.0177 and 1.0057.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
