USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.21% against the CAD to close at 0.9893.
In the Asian session at 4:00GMT, the pair is trading at 0.9872, 0.21% lower from the New York session close.
The first area of short term resistance is observed at 0.9899, followed by 0.9926 and 0.9977. The first area of support is at 0.9848, with the subsequent supports at 0.9824 and 0.9773.
The economic calendar, being almost empty today, the Canadian dollar is expected to ride on US economic releases such as retail sales, total net TIC flows, business inventories, and consumer confidence.
The currency pair is trading just below its 20 Hr moving average and well below its 50 Hr moving average.
