USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.01% against the CAD and closed at 1.3114.
On the data front, Canada’s RBC manufacturing PMI eased to a level of 50.3 in September, hitting its lowest level in seven months, after recording a reading of 51.1 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3125, with the USD trading 0.08% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3079, and a fall through could take it to the next support level of 1.3032. The pair is expected to find its first resistance at 1.3158, and a rise through could take it to the next resistance level of 1.3190.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
