USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CAD to close at 1.2677.
In the Asian session, at GMT0300, the pair is trading at 1.2667, with the USD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 1.2643, and a fall through could take it to the next support level of 1.2619. The pair is expected to find its first resistance at 1.2705, and a rise through could take it to the next resistance level of 1.2743.
Going ahead, market participants will look forward to a speech by the Bank of Canada (BoC) Governor, Stephen Poloz, due later in the day.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
