USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD to close at 1.0745.
In the Asian session, at GMT0300, the pair is trading at 1.0750, with the USD trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.0725, and a fall through could take it to the next support level of 1.0699. The pair is expected to find its first resistance at 1.0763, and a rise through could take it to the next resistance level of 1.0775.
Amid a lack of major economic releases in Canada, traders are monitoring global economic news for further cues in the loonie.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
