USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9603, amid fall in oil and other commodity prices.
In Canada, the trade surplus increased to C$627.0 million in March, compared to a surplus of C$356.0 million recorded in February.
In the Asian session at 3:00GMT, the pair is trading at 0.9612, 0.09% higher from the New York session close.
The first area of short term resistance is observed at 0.9665, followed by 0.9717 and 0.9848. The first area of support is at 0.9534, with the subsequent supports at 0.9455 and 0.9324.
Trading trends in the pair today are expected to be determined by data release on new housing price index in Canada.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
