USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CAD and closed at 1.3158 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.3158, with the USD trading flat against the CAD from Friday’s close.
The pair is expected to find support at 1.3132, and a fall through could take it to the next support level of 1.3105. The pair is expected to find its first resistance at 1.3197, and a rise through could take it to the next resistance level of 1.3235.
Looking ahead, investors will closely monitor Canada’s existing home sales for June, due to be released later in the day.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
