USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CAD to close at 1.1012.
In the Asian session, at GMT0400, the pair is trading at 1.0999, with the USD trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1.0964, and a fall through could take it to the next support level of 1.0929. The pair is expected to find its first resistance at 1.1062, and a rise through could take it to the next resistance level of 1.1125.
Amid a lack of economic releases from Canada, traders are expected to keep a tab on global economic news for further guidance in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
