USDCAD Movement
For the 24 hours to 23:00 GMT, USD traded steady against the CAD, on Friday, to close at 1.0380.
In economic news, the Canadian economy added 60,900 jobs in September, rising from the prior contraction of 5,500 in August. Meanwhile, the unemployment rate dropped to 7.1% in September.
In the Asian session, at GMT0300, the pair is trading at 1.0340, with the USD trading 0.39% lower from Friday’s close.
The pair is expected to find support at 1.0244, and a fall through could take it to the next support level of 1.0147. The pair is expected to find its first resistance at 1.0428, and a rise through could take it to the next resistance level of 1.0515.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
