USDCAD Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 0.66% against the CAD to close at 0.9858.
In Canada, annualized gross domestic product rose 1.8% (QoQ) in the second quarter of 2012 against the market expectation for a 1.6% rise.
In the Asian session, at GMT0300, the pair is trading at 0.9855, with the USD trading marginally lower from Friday’s close.
The pair is expected to find support at 0.9828, and a fall through could take it to the next support level of 0.9802. The pair is expected to find its first resistance at 0.9905, and a rise through could take it to the next resistance level of 0.9956.
The currency pair is trading below its 20 Hr and its 50 Hr moving average.
