USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 0.9716.
In Canada, GDP rose 3.3% in the fourth quarter of 2010 (4Q FY2010), following 1.8% growth posted in the third quarter.
In the Asian session at 4:00GMT, the pair is trading at 0.9715, 0.01% lower from the New York session close.
The first area of short term resistance is observed at 0.9767, followed by 0.9818 and 0.9903. The first area of support is at 0.9682, with the subsequent supports at 0.9648 and 0.9563.
Investors are eying BoC interest rate decision in Canada to be released later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
