USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD on Friday to close at 0.9839 .
On an annual basis, the consumer price index (CPI) in Canada rose 2.2% in February, following a 2.3% increase posted in January. Additionally, the annual core inflation dropped to 0.9% in February, following a 1.4% rate posted in the previous month.
In the Asian session at 4:00GMT, the pair is trading at 0.9819, 0.20% lower from the New York session close.
The first area of short term resistance is observed at 0.9857, followed by 0.9894 and 0.9961. The first area of support is at 0.9790, with the subsequent supports at 0.9760 and 0.9693.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
