USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 1.15% against the CAD to close at 1.0416.
In the US, the Institute for Supply Management reported that its non-manufacturing index declined to 53.0 in September, compared to 53.3 posted in August.
In the Asian session, at GMT0300, the pair is trading at 1.0432, with the USD trading 0.15% higher from the New York close.
The pair is expected to find support at 1.0363, and a fall through could take it to the next support level of 1.0294. The pair is expected to find its first resistance at 1.0534, and a rise through could take it to the next resistance level of 1.0636.
The pair is expected to trade on the cues from the release of Ivey Purchasing Managers Index (PMI) in Canada
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
