USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.3047.
Data showed that Canada’s existing home sales rose 0.2% on a monthly basis in June, more than market consensus for a rise of 0.1%. Existing home sales had registered a rise of 1.9% in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.3049, with the USD trading a tad higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3027, and a fall through could take it to the next support level of 1.3005. The pair is expected to find its first resistance at 1.3065, and a rise through could take it to the next resistance level of 1.3081.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
