USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD and closed at 1.3273.
In the Asian session, at GMT0400, the pair is trading at 1.3270, with the USD trading slightly lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3221, and a fall through could take it to the next support level of 1.3173. The pair is expected to find its first resistance at 1.3339, and a rise through could take it to the next resistance level of 1.3409.
Moving ahead, investor would keep a close watch on Canada’s current account data for 3Q, scheduled to release later in the day
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
