USDCAD Movement
For the 24 hours to 23:00 GMT, USD rose 0.21% against the CAD to close at 0.9736.
The Bank of Canada decided to keep its interest rates unchanged at 1.00%, in line with market expectations.
In the Asian session at 4:00GMT, the pair is trading at 0.9758, 0.23% higher from the New York session close.
The first area of short term resistance is observed at 0.9774, followed by 0.9790 and 0.9841. The first area of support is at 0.9723, with the subsequent supports at 0.9688 and 0.9637.
Trading trends in the pair today are expected to be determined by release of data on industrial product price and raw material price index in Canada.
The currency pair is showing convergence with its 50 Hr moving average and is trading just above its 20 Hr moving average.
