USDCAD Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 0.89% against the CAD to close at 0.9871.
In the Asian session at 4:00GMT, the pair is trading at 0.9859, 0.12% lower from the New York session close.
The first area of short term resistance is observed at 0.9946, followed by 1.0033 and 1.0167. The first area of support is at 0.9812, with the subsequent supports at 0.9765 and 0.9631.
Trading trends in the pair today are expected to be determined by release of data on new motor vehicle sales in Canada.
The pair is trading well below its 20 Hr and 50 Hr moving averages.
