USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD to close at 1.2291.
In the Asian session, at GMT0300, the pair is trading at 1.2296, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 1.2269, and a fall through could take it to the next support level of 1.2243. The pair is expected to find its first resistance at 1.2335, and a rise through could take it to the next resistance level of 1.2375.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
