USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.71% against the CAD to close at 1.0016.
On the economic front, Ivey Purchasing Managers Index (PMI) rose to a reading of 66.0 in February, compared to 55.7 in January, since March 2011.
In the Asian session, at GMT0400, the pair is trading at 1.0006, with the USD trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 0.9958, and a fall through could take it to the next support level of 0.9910. The pair is expected to find its first resistance at 1.0041, and a rise through could take it to the next resistance level of 1.0076.
Trading trends in the pair today are expected to be determined by the release of Canadian building permits data
The currency pair is between its 20 Hr and 50 Hr moving averages.
