For the 24 hours to 23:00 GMT, the USD declined 0.76% against the CAD and closed at 1.3275.

On the data front, Canada’s consumer price index (CPI) advanced 0.4% on a monthly basis in May, surpassing market expectations for a rise of 0.1%. In the prior month, the CPI had registered a similar rise.

In the Asian session, at GMT0300, the pair is trading at 1.3243, with the USD trading 0.24% lower against the CAD from yesterday’s close.

- advertisement -

The pair is expected to find support at 1.3194, and a fall through could take it to the next support level of 1.3146. The pair is expected to find its first resistance at 1.3337, and a rise through could take it to the next resistance level of 1.3432.

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


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.