USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 1.0288, amid risk aversion among investors following concern that a European Union (EU) summit this week would not lead to decisive measures to end the Euro-zone’s debt crisis.
In the Asian session, at GMT0300, the pair is trading at 1.0282, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 1.0253, and a fall through could take it to the next support level of 1.0225. The pair is expected to find its first resistance at 1.0314, and a rise through could take it to the next resistance level of 1.0347.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
