USDCAD Movement
On Friday, the USD rose 0.40% against the CAD to close at 1.0390.
In the Asian session, at GMT0300, the pair is trading at 1.0401, with the USD trading 0.11% higher from Friday’s close.
The pair is expected to find support at 1.0358, and a fall through could take it to the next support level of 1.0314. The pair is expected to find its first resistance at 1.0425, and a rise through could take it to the next resistance level of 1.0448.
As markets in Canada are to remain closed for a national holiday, trading trends in the pair shall be determined by general market movements.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
