USDCAD Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the CAD and closed at 1.3331 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.3337, with the USD trading a tad higher against the CAD from Friday’s close.
The pair is expected to find support at 1.3304, and a fall through could take it to the next support level of 1.327. The pair is expected to find its first resistance at 1.3381, and a rise through could take it to the next resistance level of 1.3424.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
