USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD to close at 0.9669, ahead of Canadian inflation report.
In the Asian session at 3:00GMT, the pair is trading flat at 0.9668, from the New York session close.
The first area of short term resistance is observed at 0.9705, followed by 0.9743 and 0.9808. The first area of support is at 0.9640, with the subsequent supports at 0.9613 and 0.9548.
Trading trends in the pair today are expected to be determined by data release on retail sales and consumer price index in Canada.
The currency pair is trading just a below its 20 Hr and 50 Hr moving averages.
