USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD and closed at 1.2994 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.2978, with the USD trading 0.12% lower against the CAD from Friday’s close.
The pair is expected to find support at 1.2958, and a fall through could take it to the next support level of 1.2937. The pair is expected to find its first resistance at 1.3002, and a rise through could take it to the next resistance level of 1.3025.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
