USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD, on Friday, to close at 1.0086.
Canadian dollar rose against the greenback as hopes about the solution to contain the European debt crisis ahead of a meeting on Sunday, spurred demand for high-yielding assets.
In Canada, the Consumer Price Index (CPI) rose 0.2% in September, compared to 0.3% rise in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.0064, with the USD trading 0.22% lower from Friday’s close.
The pair is expected to find support at 1.0021, and a fall through could take it to the next support level of 0.9977. The pair is expected to find its first resistance at 1.0148, and a rise through could take it to the next resistance level of 1.0231.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
