USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 1.0243.
In the Asian session, at GMT0300, the pair is trading at 1.0241, with the USD trading 0.02% lower from yesterday’s close.
The pair is expected to find support at 1.0217, and a fall through could take it to the next support level of 1.0194. The pair is expected to find its first resistance at 1.0280, and a rise through could take it to the next resistance level of 1.0320.
Trading trends in the pair today are expected to be determined by the release of Teranet/National Bank house price index data in Canada.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
