USDCAD Movement
For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9505.
In the US, the durable goods orders increased by 2.5% in March following a revised 0.7% rise in the previous month. Additionally, the MBA mortgage applications contracted by 5.6% for the week ended April 22nd from an expansion of 5.3% in the previous week.
In the Asian session at 3:00GMT, the pair is trading at 0.9471, 0.36% lower from the New York session close.
The first area of short term resistance is observed at 0.9545, followed by 0.9619 and 0.9735. The first area of support is at 0.9429, with the subsequent supports at 0.9387 and 0.9271.
The currency pair is trading below its 20 Hr moving average and its 50 Hr moving average.
