USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD on Friday to close at 0.9718.
In Canada, Ivey PMI rose to 67.9 in February, following reading of 36.6 in the previous month.
In the Asian session at 4:00GMT, the pair is trading at 0.9727, 0.09% higher from the New York session close.
The first area of short term resistance is observed at 0.9745, followed by 0.9763 and 0.9801. The first area of support is at 0.9707, with the subsequent supports at 0.9687 and 0.9649.
The pair is expected to trade on the cues from the release of data on building permits in Canada.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
