USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD and closed at 1.2873.
In the Asian session, at GMT0400, the pair is trading at 1.2854, with the USD trading 0.15% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.2814, and a fall through could take it to the next support level of 1.2774. The pair is expected to find its first resistance at 1.2893, and a rise through could take it to the next resistance level of 1.2932.
Ahead in the day, investors would focus on Canada’s Teranet/National Bank house price index for November.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
