USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD to close at 1.0501.
In the Asian session, at GMT0300, the pair is trading at 1.0512, with the USD trading 0.10% higher from yesterday’s close.
The pair is expected to find support at 1.0487, and a fall through could take it to the next support level of 1.0461. The pair is expected to find its first resistance at 1.0537, and a rise through could take it to the next resistance level of 1.0561.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
