USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CAD and closed at 1.2684 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.2677, with the USD trading 0.06% lower against the CAD from Friday’s close.
The pair is expected to find support at 1.2636, and a fall through could take it to the next support level of 1.2594. The pair is expected to find its first resistance at 1.2736, and a rise through could take it to the next resistance level of 1.2794.
Ahead in the day, investors will look forward to Canada’s Teranet/National Bank house price index for July.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
