USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.04% against the CAD to close at 0.9724.
In the US, the non-farm productivity growth came in unrevised at 2.6% in 4Q FY2010 in line with market expectations.
In the Asian session at 4:00GMT, the pair is trading at 0.9727, 0.03% higher from the New York session close.
The first area of short term resistance is observed at 0.9748, followed by 0.9770 and 0.9808. The first area of support is at 0.9710, with the subsequent supports at 0.9694 and 0.9656.
Trading trends in the pair today are expected to be determined by release of Ivey Purchasing Managers Index in Canada.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
