USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 0.9526.
In the Asian session at 3:00GMT, the pair is trading at 0.9542, 0.17% higher from the New York session close.
The first area of short term resistance is observed at 0.9576, followed by 0.9611 and 0.9707. The first area of support is at 0.9480, with the subsequent supports at 0.9419 and 0.9323.
Trading trends in the pair today are expected to be determined by data release on building permits in Canada.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
