USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 1.0151.
In Canada, existing home sales fell 1.3% (MoM) in June, making it the second monthly decline.
In the Asian session, at GMT0300, the pair is trading at 1.0136, with the USD trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 1.0119, and a fall through could take it to the next support level of 1.0102. The pair is expected to find its first resistance at 1.0163, and a rise through could take it to the next resistance level of 1.0190.
In the day ahead, Bank of Canada (BoC) is expected to keep interest rate unchanged at 1.0%.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
