USDCAD Movement
On Friday, the USD rose 0.26% against the CAD to close at 1.3261.
In the Asian session, at GMT0300, the pair is trading at 1.3239, with the USD trading 0.17% lower from Friday’s close.
The pair is expected to find support at 1.3199, and a fall through could take it to the next support level of 1.3158. The pair is expected to find its first resistance at 1.3296, and a rise through could take it to the next resistance level of 1.3352.
Looking ahead, Canada’s consumer price inflation data, scheduled during the week would grab lot of market attention.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
