USDCAD Movement
For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CAD to close at 1.1021.
In the Asian session, at GMT0300, the pair is trading at 1.101, with the USD trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 1.0949, and a fall through could take it to the next support level of 1.0888. The pair is expected to find its first resistance at 1.1048, and a rise through could take it to the next resistance level of 1.1086.
Amid a light economic calendar in terms of economic releases from Canada today, investors would pay attention to economic news from other countries.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
