USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD and closed at 1.2964.
In the Asian session, at GMT0300, the pair is trading at 1.2973, with the USD trading 0.07% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.2926, and a fall through could take it to the next support level of 1.2880. The pair is expected to find its first resistance at 1.3043, and a rise through could take it to the next resistance level of 1.3114.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
