USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD on Friday to close at 0.9858.
Consumer prices in Canada rose 2.3% (Y-o-Y) on an annual basis in January, following a 2.4% increase recorded in December. Additionally, the Bank of Canada’s core index climbed 1.4% annually in January, following a 1.5% rise posted in the previous month.
In the Asian session at 4:00GMT, the pair is trading at 0.9865, 0.07% higher from the New York session close.
The first area of short term resistance is observed at 0.9887, followed by 0.9909 and 0.9965. The first area of support is at 0.9831, with the subsequent supports at 0.9797 and 0.9741.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
