USDCAD Movement
For the 24 hours to 23:00 GMT, USD fell 0.64% against the CAD to close at 1.0167.
On the economic front, the Canada Mortgage and Housing Corporation (CMHC) indicated that on a seasonally adjusted basis, housing starts climbed to an annual rate of 200,200 units in December, from an upwardly revised rate of 185,600 units in November.
In the Asian session, at GMT0400, the pair is trading at 1.0178, with the USD trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 1.0149, and a fall through could take it to the next support level of 1.012. The pair is expected to find its first resistance at 1.0212, and a rise through could take it to the next resistance level of 1.0245.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
