USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD and closed at 1.3221.
On the data front, Canada’s gross domestic product (GDP) rose 1.3% on a yearly basis in July, following an advance of 1.5% in the prior month. Also, the nation’s Markit manufacturing PMI expanded to a level of 51.0 in September, compared to a level of 49.1 in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 1.3212, with the USD trading 0.07% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3182, and a fall through could take it to the next support level of 1.3152. The pair is expected to find its first resistance at 1.3266, and a rise through could take it to the next resistance level of 1.3320.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
