USDCAD Movement
On Friday, the USD rose 0.22% against the CAD to close at 1.1055, as traders cheered the US personal spending and personal income data for February.
In the Asian session, at GMT0300, the pair is trading at 1.1059, with the USD trading slightly higher from Friday’s close.
The pair is expected to find support at 1.1012, and a fall through could take it to the next support level of 1.0964. The pair is expected to find its first resistance at 1.1093, and a rise through could take it to the next resistance level of 1.1126.
The Statistics Canada is scheduled to publish Canada’s GDP data for January, later today.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
