USDCAD Movement
For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD and closed at 1.2425.
In the Asian session, at GMT0400, the pair is trading at 1.2414, with the USD trading 0.09% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.2384, and a fall through could take it to the next support level of 1.2353. The pair is expected to find its first resistance at 1.2468, and a rise through could take it to the next resistance level of 1.2521.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
