USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.75% against the CAD to close at 1.1407.
In the Asian session, at GMT0400, the pair is trading at 1.1395, with the USD trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 1.1332, and a fall through could take it to the next support level of 1.1270. The pair is expected to find its first resistance at 1.1441, and a rise through could take it to the next resistance level of 1.1488.
Going forward, investors await the BoC’s interest rate decision followed by a speech from the BoC Governor, Stephen Poloz, scheduled later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
