USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9775, despite rise in crude oil prices, on Euro zone’s debt worries.
In the US, the durable goods orders declined by 3.6% in April, the biggest monthly slide since October 2010, following a revised 4.4% increase recorded in March.
In the Asian session at 3:00GMT, the pair is trading at 0.9761, 0.14% lower from the New York session close.
The first area of short term resistance is observed at 0.9805, followed by 0.9850 and 0.9927. The first area of support is at 0.9728, with the subsequent supports at 0.9696 and 0.9619.
The currency pair is trading just below its 20 Hr moving average and its 50 Hr moving average.
