USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD to close at 1.0133.
The Canadian Dollar came under pressure after crude oil, nation’s biggest export, fell more than 1.0% yesterday.
In the Asian session, at GMT0300, the pair is trading at 1.0136, with the USD trading slightly higher from yesterday’s close.
The pair is expected to find support at 1.0124, and a fall through could take it to the next support level of 1.0112. The pair is expected to find its first resistance at 1.0145, and a rise through could take it to the next resistance level of 1.0154.
The currency pair is converging with its 20 Hr and 50 Hr moving averages.
