USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CAD and closed at 1.3294.
On the data front, Canada’s consumer price index (CPI) slowed to 1.9% on a yearly basis in August, amid decline in gasoline prices. In the previous month, CPI had recorded a rise of 0.2%.
In the Asian session, at GMT0300, the pair is trading at 1.3295, with the USD trading slightly higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3255, and a fall through could take it to the next support level of 1.3214. The pair is expected to find its first resistance at 1.3323, and a rise through could take it to the next resistance level of 1.3350.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
