USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9821, as global growth concerns continued to weigh on market sentiment, while investors eyed fresh developments in the Euro-zone.
In the Asian session, at GMT0300, the pair is trading at 0.9808, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 0.9773, and a fall through could take it to the next support level of 0.9738. The pair is expected to find its first resistance at 0.9839, and a rise through could take it to the next resistance level of 0.9870.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
