Contributors Fundamental Analysis Loonie Trading On A Stronger Footing In The Morning Session

Loonie Trading On A Stronger Footing In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CAD and closed at 1.3210 on Friday.

In the Asian session, at GMT0400, the pair is trading at 1.3186, with the USD trading 0.18% lower against the CAD from Friday’s close.

The pair is expected to find support at 1.3155, and a fall through could take it to the next support level of 1.3124. The pair is expected to find its first resistance at 1.3225, and a rise through could take it to the next resistance level of 1.3264.

The currency pair is trading between its 20 Hr and 50 Hr moving averages.

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