USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 0.9696, as rise in commodity prices including crude oil encouraged investors into riskier bets.
In Canada, the wholesale sales increased by 0.1% in March, following a downwardly revised 0.9% decline recorded in February. Additionally, the leading indicators grew by 0.8% in April following a 0.6% increase in March.
In the Asian session at 3:00GMT, the pair is trading at 0.9679, 0.18% lower from the New York session close.
The first area of short term resistance is observed at 0.9736, followed by 0.9792 and 0.9881. The first area of support is at 0.9647, with the subsequent supports at 0.9614 and 0.9525.
The currency pair is trading just below its 20 Hr moving average and its 50 Hr moving average.
