USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9616, as fears over the slowdown in the US economic recovery diminished appeal for high-yielding assets.
On a monthly basis, the personal income in the US rose 0.1% in June, following a revised 0.2% rise recorded in May.
In the Asian session at 3:00GMT, the pair is trading at 0.9613, flat from yesterday’s close at 23:00 GMT.
The first area of short term resistance is observed at 0.9647, followed by 0.9682 and 0.9769. The first area of support is at 0.9560, with the subsequent supports at 0.9508 and 0.9421.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
