USDCAD Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 0.12% against the CAD to close at 1.0220.
In Canada, manufacturing shipments fell unexpectedly by 0.8% (MoM) in April , compared to the market expectation of a 0.2% rise.
In the Asian session, at GMT0300, the pair is trading at 1.0210, with the USD trading 0.1% lower from Friday’s close, after a New Democracy victory in Greek elections on Sunday raised risk appetite.
The pair is expected to find support at 1.0183, and a fall through could take it to the next support level of 1.0156. The pair is expected to find its first resistance at 1.0247, and a rise through could take it to the next resistance level of 1.0283.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
