USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD and closed at 1.3103.
Macroeconomic data indicated that, Canada’s RBC manufacturing PMI inched higher to a level of 51.9 in July, following a level of 51.8 in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 1.3118, with the USD trading 0.11% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3032, and a fall through could take it to the next support level of 1.2947. The pair is expected to find its first resistance at 1.3172, and a rise through could take it to the next resistance level of 1.3227.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
