USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CAD to close at 0.9814.
In Canada, retail sales jumped 0.7% (MoM) in July, against the market expectation for 0.2% rise.
In the Asian session, at GMT0300, the pair is trading at 0.9801, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 0.9767, and a fall through could take it to the next support level of 0.9732. The pair is expected to find its first resistance at 0.9825, and a rise through could take it to the next resistance level of 0.9849.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
