USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.3174.
In economic news, Canadian manufacturing sales climbed 1.7% on a monthly basis in July, surpassing market expectations for an increase of 1.1% and following a revised advance of 1.5% in June.
In the Asian session, at GMT0300, the pair is trading at 1.3174, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 1.3138, and a fall through could take it to the next support level of 1.3103. The pair is expected to find its first resistance at 1.3231, and a rise through could take it to the next resistance level of 1.3289.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
