USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9767.
In the US, the new home sales, on a seasonally adjusted basis, rose 7.3% to an annual rate of 323,000 in April, compared to a revised rate of 301,000 recorded in March.
In the Asian session at 3:00GMT, the pair is trading at 0.9791, 0.25% higher from the New York session close.
The first area of short term resistance is observed at 0.9810, followed by 0.9828 and 0.9874. The first area of support is at 0.9764, with the subsequent supports at 0.9736 and 0.9690.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
