USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.3155.
In the Asian session, at GMT0300, the pair is trading at 1.3172, with the USD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 1.3129, and a fall through could take it to the next support level of 1.3085. The pair is expected to find its first resistance at 1.3197, and a rise through could take it to the next resistance level of 1.3221.
Going forward, investors would keep a close eye on Canada’s RBC manufacturing PMI data, scheduled later today for further cues.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
