USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 1.0048, after the Federal Reserve took no new monetary stimulus to provide additional support for the economy after a two-day policy meeting.
In the Asian session, at GMT0300, the pair is trading flat at 1.0046, from yesterday’s close.
The pair is expected to find support at 1.0014, and a fall through could take it to the next support level of 0.9982. The pair is expected to find its first resistance at 1.0068, and a rise through could take it to the next resistance level of 1.0090.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
