USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD, on Friday, to close at 1.0010.
In the Asian session, at GMT0400, the pair is trading at 1.0030, with the USD trading 0.20% higher from Friday’s close.
The pair is expected to find support at 0.9998, and a fall through could take it to the next support level of 0.9967. The pair is expected to find its first resistance at 1.0052, and a rise through could take it to the next resistance level of 1.0073.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
