USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 1.10% against the CAD to close at 1.0377.
The Canadian Dollar fell after economic data indicated that retail sales in the nation remained unchanged in March, following a revised 0.7% increase recorded in the previous month. Market had expected retail sales data to rise 0.1%.
In the Asian session, at GMT0300, the pair is trading at 1.0382, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.0289, and a fall through could take it to the next support level of 1.0196. The pair is expected to find its first resistance at 1.0435, and a rise through could take it to the next resistance level of 1.0488.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
