USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.45% against the CAD to close at 1.0185.
In the US, Federal Reserve Bank of Chicago stated that its monthly National Activity Index rose to a reading of -0.15 in June, from -0.48 in May
In the Asian session, at GMT0300, the pair is trading at 1.0185, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 1.0155, and a fall through could take it to the next support level of 1.0126. The pair is expected to find its first resistance at 1.0209, and a rise through could take it to the next resistance level of 1.0234.
In the day ahead, Canadian retail sales is expected to a show a growth of 0.3% (MoM) in May.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
