USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.34% against the CAD to close at 1.0381.
Canadian dollar gained against the greenback as attempts by the eurozone officials to contain the debt crisis soothed investors concerns, boosting appetite for riskier assets.
In the Canadian economic news, the Ivey Purchasing Managers Index (PMI) rose to 63.4 in September, from 57.6 in August. Separately, on a monthly basis, building permits dropped 10.4% to C$5.9 billion in August.
In the Asian session, at GMT0300, the pair is trading at 1.0369, with the USD trading 0.12% lower from the New York close.
The pair is expected to find support at 1.0330, and a fall through could take it to the next support level of 1.0292. The pair is expected to find its first resistance at 1.0445, and a rise through could take it to the next resistance level of 1.0522.
Trading trends in the pair today are expected to be determined by release of employment data in Canada.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
