USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.42% against the CAD and closed at 1.2549.
On the data front, Canada’s Markit manufacturing PMI advanced to a level of 55.5 in July, after recording a level of 54.7 in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 1.2573, with the USD trading 0.19% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.2491, and a fall through could take it to the next support level of 1.2410. The pair is expected to find its first resistance at 1.2614, and a rise through could take it to the next resistance level of 1.2656.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
