USDCAD Movement
For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CAD to close at 1.1158.
In the Asian session, at GMT0300, the pair is trading at 1.1171, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 1.1101, and a fall through could take it to the next support level of 1.1031. The pair is expected to find its first resistance at 1.121, and a rise through could take it to the next resistance level of 1.1249.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
