USDCAD Movement
For the 24 hours to 23:00 GMT, USD fell 1.15% against the CAD to close at 1.0268.
In the Asian session, at GMT0300, the pair is trading at 1.0295, with the USD trading 0.26% higher from the New York close.
The pair is expected to find support at 1.0249, and a fall through could take it to the next support level of 1.0203. The pair is expected to find its first resistance at 1.0344, and a rise through could take it to the next resistance level of 1.0393.
The pair is expected to trade on the cues from the release of housing data in Canada.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
