USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9742.
In the US, the S&P/Case-Shiller home price index fell at an annual rate of 3.1% in January, following a 2.4% drop recorded in December.
In the Asian session at 3:00GMT, the pair is trading at 0.9745, 0.03% higher from the New York session close.
The first area of short term resistance is observed at 0.9776, followed by 0.9806 and 0.9860. The first area of support is at 0.9722, with the subsequent supports at 0.9698 and 0.9644.
Industrial product price release in Canada is likely to receive increased market attention, with other economic data due to be released later today.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
