USDCAD Movement
On Friday, the USD rose 0.71% against the CAD to close at 1.3176. Released data revealed that Canada’s annual consumer prices increased less than expected by 1.3% in July, after rising 1.0% in June. The retail sales of the country also rose 0.6% MoM to reach a level of $43.2 billion in June.
In the Asian session, at GMT0300, the pair is trading at 1.324, with the USD trading 0.49% higher from Friday’s close.
The pair is expected to find support at 1.3114, and a fall through could take it to the next support level of 1.2987. The pair is expected to find its first resistance at 1.3312, and a rise through could take it to the next resistance level of 1.3384.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
