USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9600.
In Canada, the Ivey purchasing managers index jumped to 73.2, the highest level in over three years, and compared to 70.8 in February.
In the Asian session at 3:00GMT, the pair is trading at 0.9610, 0.10% higher from the New York session close.
The first area of short term resistance is observed at 0.9641, followed by 0.9671 and 0.9741. The first area of support is at 0.9571, with the subsequent supports at 0.9531and 0.9461.
Trading trends in the pair today are expected to be determined by building permits data due to be released in Canada, later today.
The currency pair is trading just between its 20 Hr and 50 Hr moving averages.
