USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.02% against the CAD to close at 0.9536.
In the US, the new home sales rose by 11.1% to an annual rate of 300,000 in March from the revised rate of 270,000 posted in the previous month.
In the Asian session at 3:00GMT, the pair is trading at 0.9537, marginally higher from the New York session close.
The first area of short term resistance is observed at 0.9567, followed by 0.9598 and 0.9663. The first area of support is at 0.9502, with the subsequent supports at 0.9468 and 0.9403.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
