USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD and closed at 1.3395.
In the Asian session, at GMT0400, the pair is trading at 1.3398, with the USD trading slightly higher from yesterday’s close.
The pair is expected to find support at 1.3369, and a fall through could take it to the next support level of 1.3341. The pair is expected to find its first resistance at 1.3414, and a rise through could take it to the next resistance level of 1.3431.
This afternoon will bring some influential Canadian data releases, consisting the nation’s employment figures and the Ivey PMI, both for October.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
