USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.26% against the CAD to close at 0.9471, as US lawmakers failed to find consensus on raising the nation’s $14.3 trillion debt ceiling.
In the Asian session at 3:00GMT, the pair is trading at 0.9441, 0.32% lower from yesterday’s close at 23:00 GMT.
The first area of short term resistance is observed at 0.9501, followed by 0.9562 and 0.9658. The first area of support is at 0.9405, with the subsequent supports at 0.9370 and 0.9274.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
