USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD, on Friday, to close at 1.0125, as investors’ optimism increased after the Italian Senate approved debt-reduction measures, raising appeal for high-yielding assets.
In the Asian session, at GMT0400, the pair is trading at 1.0136, with the USD trading 0.11% higher from Friday’s close.
The pair is expected to find support at 1.0068, and a fall through could take it to the next support level of 1.0000. The pair is expected to find its first resistance at 1.0218, and a rise through could take it to the next resistance level of 1.0300.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
