USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 0.9859.
In Canada, manufacturing sales rose 1.5% (MoM) in August, compared to a contraction of 0.8% in July.
In the Asian session, at GMT0300, the pair is trading at 0.9865, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9819, and a fall through could take it to the next support level of 0.9773. The pair is expected to find its first resistance at 0.9895, and a rise through could take it to the next resistance level of 0.9925.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
