USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.3254.
The Canadian Dollar lost ground, after Canada’s existing home sales dropped 6.2% MoM in May, recording its biggest decline in nearly five years. In the prior month, existing home sales had fallen 1.7%.
In the Asian session, at GMT0300, the pair is trading at 1.3261, with the USD trading a tad higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3227, and a fall through could take it to the next support level of 1.3194. The pair is expected to find its first resistance at 1.3301, and a rise through could take it to the next resistance level of 1.3342.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
