USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9751.
In Canada, trade surplus fell to C$116.0 million in January, compared to a revised C$1.7 billion surplus in December.
In the Asian session at 4:00GMT, the pair is trading at 0.9742, 0.09% lower from the New York session close.
The first area of short term resistance is observed at 0.9779, followed by 0.9817 and 0.9903. The first area of support is at 0.9693, with the subsequent supports at 0.9645 and 0.9559.
Trading trends in the pair today are expected to be determined by data release on net change in employment and unemployment rate in Canada.
The currency pair is trading just above its 20 Hr moving average and well above its 50 Hr moving average.
