USDCAD Movement
For the 24 hours to 23:00 GMT on Friday, USD rose 0.15% against the CAD to close at 1.0206.
In Canada, consumer prices rose 2.0% (YoY) in April, compared to a rise of 1.9% in March.
In the Asian session, at GMT0300, the pair is trading at 1.0196, with the USD trading 0.09% lower from Friday’s close.
The pair is expected to find support at 1.0147, and a fall through could take it to the next support level of 1.0097. The pair is expected to find its first resistance at 1.0238, and a rise through could take it to the next resistance level of 1.0280.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
