USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9803.
In the US, new home sales dropped to an annual rate of 250,000 in February, compared to the figure of 301,000 in the previous month.
In the Asian session at 4:00GMT, the pair is trading at 0.9812, 0.09% higher from the New York session close.
The first area of short term resistance is observed at 0.9842, followed by 0.9871 and 0.9928. The first area of support is at 0.9785, with the subsequent supports at 0.9757 and 0.9700.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
