USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 1.0092.
Data released in Canada showed that the retail sales advanced 0.3% (MoM) to C$38.7 billion in November, in line with market expectations.
In the Asian session, at GMT0400, the pair is trading at 1.0109, with the USD trading 0.17% higher from yesterday’s close.
The pair is expected to find support at 1.0076, and a fall through could take it to the next support level of 1.0044. The pair is expected to find its first resistance at 1.0142, and a rise through could take it to the next resistance level of 1.0174.
Trading trends in the pair today are expected to be determined by the release of House Price index in Canada.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
