USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.35% against the CAD, on Friday, to close at 0.9984, as investors rise appetite was dampened, amid renewed worries about global economic growth, after reports showed less-than-expected Chinese economic growth.
In the Asian session, at GMT0300, the pair is trading at 0.9994, with the USD trading 0.10% higher from Friday’s close.
The pair is expected to find support at 0.9947, and a fall through could take it to the next support level of 0.9900. The pair is expected to find its first resistance at 1.0021, and a rise through could take it to the next resistance level of 1.0049.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
