USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.13% against the CAD to close at 0.9935.
In the Asian session at 4:00GMT, the pair is trading at 0.9951, 0.16% higher from the New York session close.
The first area of short term resistance is observed at 0.9968, followed by 0.9985 and 1.0031. The first area of support is at 0.9922, with the subsequent supports at 0.9893 and 0.9847.
Loonie is expected to ride on economic release of housing price index in Canada, later today.
The pair is trading above its 20 Hr moving average as well as 50 Hr moving average.
