USDCAD Movement
For the 24 hours to 23:00 GMT, USD declined 0.64% against the CAD, on Friday, to close at 0.9581.
In the US, the Thomson Reuters/university of Michigan final index of consumer sentiment fell to a reading of 71.5 in June, following a reading of 74.3 posted in the previous month.
In the Asian session at 3:00GMT, the pair is trading at 0.9584, 0.03% higher from Friday’s close at 23:00 GMT.
The first area of short term resistance is observed at 0.9630, followed by 0.9676 and 0.9747. The first area of support is at 0.9559, with the subsequent supports at 0.9534 and 0.9463.
Trading trends in the pair today are expected to be determined by release of raw material price index in Canada.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
