USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9903.
The Canadian dollar dropped due to reduced concern over the disruption of supplies of crude oil by protests in Egypt.
In Canada, the money worth of building permits rose by 2.4% in December to $5.7 billion, after a consecutive two months decline.
In the Asian session at 4:00GMT, the pair is trading at 0.9901, 0.02% lower from the New York session close.
The first area of short term resistance is observed at 0.9928, followed by 0.9954 and 1.0019. The first area of support is at 0.9863, with the subsequent supports at 0.9824 and 0.9759.
The pair is trading just above its 20 Hr moving average.
Trading in the pair is expected to be influenced by data on housing starts in Canada.
