USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.2387.
In the Asian session, at GMT0300, the pair is trading at 1.2381, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.2296, and a fall through could take it to the next support level of 1.2211. The pair is expected to find its first resistance at 1.2445, and a rise through could take it to the next resistance level of 1.2509.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
