USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CAD to close at 1.3126.
In the Asian session, at GMT0300, the pair is trading at 1.3114, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 1.3031, and a fall through could take it to the next support level of 1.2947. The pair is expected to find its first resistance at 1.3188, and a rise through could take it to the next resistance level of 1.3262.
Trading trends in CAD today are expected to be determined by wholesale sales, which is widely expected to swing to the positive territory in June, after falling 1.0% in the previous month.
The currency pair is showing convergence with its 20 Hr average and trading above its 50 Hr moving average.
