USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD and closed at 1.339.
In the Asian session, at GMT0300, the pair is trading at 1.3375, with the USD trading 0.11% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3346, and a fall through could take it to the next support level of 1.3317. The pair is expected to find its first resistance at 1.3413, and a rise through could take it to the next resistance level of 1.3451.
Investors would await a speech by the Bank of Canada Governor, Stephen Poloz, due overnight.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
