USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 0.9922.
The Canadian Dollar weakened against the US Dollar, amid concern that global recovery is slowing after China reported its biggest trade deficit in more than two decades, reducing demand for higher-risk assets.
In the Asian session, at GMT0400, the pair is trading at 0.9905, with the USD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 0.9887, and a fall through could take it to the next support level of 0.9869. The pair is expected to find its first resistance at 0.9935, and a rise through could take it to the next resistance level of 0.9966.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
