USDCAD Movement
On Friday, for the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9959.
Data released in Canada showed that the CPI climbed rose 2.5% (YoY) in January, following a 2.3% rise in December. Additionally, the Composite Leading Index in Canada rose 0.7% (MoM) in January.
In the Asian session, at GMT0400, the pair is trading at 0.9923, with the USD trading 0.36% lower from Friday’s close.
The pair is expected to find support at 0.9896, and a fall through could take it to the next support level of 0.987. The pair is expected to find its first resistance at 0.9967, and a rise through could take it to the next resistance level of 1.0011.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
