USDCAD Movement
On Friday, the USD rose 0.09% against the CAD to close at 1.1623.
In the Asian session at 4:00GMT, USD is trading at 1.1630, 0.06% higher against the Canadian dollar from Friday’s close.
The pair is expected to find support at 1.1609, and a fall through could take it to the next support level of 1.1588. The pair is expected to find its first resistance at 1.1643, and a rise through could take it to the next resistance level of 1.1657.
Investors would look forward to the release of the RBC Manufacturing PMI from Canada scheduled on Friday.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
