USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD, on Friday to close at 0.9598.
The Federal Reserve Bank of New York revealed that its general business conditions index rose to a reading of 21.7 in April, compared to a reading of 17.5 in March.
In the Asian session at 3:00GMT, the pair is trading at 0.9618, 0.21% higher from the New York session close.
The first area of short term resistance is observed at 0.9651, followed by 0.9683 and 0.9749. The first area of support is at 0.9585, with the subsequent supports at 0.9551 and 0.9485.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
