USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD, on Friday, to close at 0.9763.
In the Asian session at 3:00GMT, the pair is trading at 0.9765, 0.02% higher from the Friday’s close.
The first area of short term resistance is observed at 0.9788, followed by 0.9810 and 0.9853. The first area of support is at 0.9745, with the subsequent supports at 0.9724 and 0.9681.
Trading trends in the pair today are expected to be determined by data release on gross domestic product and current account in Canada.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
