USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.3242.
In economic news, existing home sales rebounded 0.3% on a monthly basis in August, following a 0.4% drop in July.
In the Asian session, at GMT0300, the pair is trading at 1.3237, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.3216, and a fall through could take it to the next support level of 1.3196. The pair is expected to find its first resistance at 1.3265, and a rise through could take it to the next resistance level of 1.3294.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
