USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.17% against the CAD to close at 0.9792.
In the Asian session at 3:00GMT, the pair is trading at 0.9785, 0.07% lower from yesterday’s close at 23:00 GMT.
The first area of short term resistance is observed at 0.9831, followed by 0.9877 and 0.9950. The first area of support is at 0.9758, with the subsequent supports at 0.9731 and 0.9658.
Trading trends in the pair today are expected to be determined by data release on retail sales and leading indicators in Canada.
The currency pair is trading just below its 20 Hr moving average and its 50 Hr moving average.
