USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.33% against the CAD to close at 0.9775, as investors cut holdings in growth-linked currencies on the back of a broad sell off in commodities like crude oil.
In the Asian session at 3:00GMT, the pair is trading at 0.9762, 0.13% lower from the New York session close.
The first area of short term resistance is observed at 0.9799, followed by 0.9835 and 0.9896. The first area of support is at 0.9738, with the subsequent supports at 0.9713 and 0.9652.
The currency pair is trading between its 20 Hr moving average and its 50 Hr moving average.
