USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.03% against the CAD to close at 0.9903.
The US Philadelphia Federal Reserve President, Charles Plosser indicated that if recovery gains strength, he would vote to cut short the Fed’s $600.0 billion asset purchase plan.
In the Asian session at 4:00GMT, the pair is trading at 0.9870, 0.33% lower from the New York session close.
The first area of short term resistance is observed at 0.9930, followed by 0.9991 and 1.0090. The first area of support is at 0.9831, with the subsequent supports at 0.9793 and 0.9694.
The currency pair is trading below its 20 Hr & 50 Hr moving averages.
