USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9718, over surge in crude oil prices.
The foreign investment in Canadian securities rose to C$6.3 billion in March, compared to a foreign investment of C$2.5 billion recorded in the previous month.
In the Asian session at 3:00GMT, the pair is trading at 0.9713, 0.05% lower from the New York session close.
The first area of short term resistance is observed at 0.9769, followed by 0.9825 and 0.9912. The first area of support is at 0.9682, with the subsequent supports at 0.9651 and 0.9564.
Trading trends in the pair today are expected to be determined by release of data on wholesale sales and leading indicators in Canada.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
