USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9960.
In Canada, the New Housing Price Index (NHPI) rose 0.1% in December, following a 0.3% advance in November.
In the Asian session at 4:00GMT, the pair is trading at 0.9954, 0.06% lower from the New York session close.
The first area of short term resistance is observed at 0.9980, followed by 1.0005 and 1.0048. The first area of support is at 0.9937, with the subsequent supports at 0.9919 and 0.9876.
Trading trends in the pair today are expected to be determined by data release on international merchandise trade in Canada.
The currency pair is showing convergence of its 20 Hr and 50 Hr moving averages.
