USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD and closed at 1.3532 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.3475, with the USD trading 0.42% lower against the CAD from Friday’s close.
The pair is expected to find support at 1.3438, and a fall through could take it to the next support level of 1.34. The pair is expected to find its first resistance at 1.3525, and a rise through could take it to the next resistance level of 1.3574.
Looking ahead, market participants would closely monitor a speech by the BoC Governor, Stephen Poloz, due later in the day.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
