USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CAD and closed at 1.3453.
On the data front, Canada’s existing home sales rose by 2.4% MoM in October, after recording a gain of 0.8% in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.343, with the USD trading 0.17% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3383, and a fall through could take it to the next support level of 1.3337. The pair is expected to find its first resistance at 1.3512, and a rise through could take it to the next resistance level of 1.3595.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
