USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9728.
In Canada, industrial product prices rose by 0.2% (M-o-M) in January, compared to 0.7% growth in December.
In the Asian session at 4:00GMT, the pair is trading at 0.9731, 0.03% higher from the New York session close.
The first area of short term resistance is observed at 0.9766, followed by 0.9801 and 0.9861. The first area of support is at 0.9706, with the subsequent supports at 0.9681 and 0.9621.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
