USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD and closed at 1.3383.
In economic news, Canada’s existing home sales climbed 1.1% on a monthly basis in March, following a rise of 5.2% in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.3397, with the USD trading 0.1% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3338, and a fall through could take it to the next support level of 1.3279. The pair is expected to find its first resistance at 1.3429, and a rise through could take it to the next resistance level of 1.3461.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
