For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.3047.

Data showed that Canada’s existing home sales rose 0.2% on a monthly basis in June, more than market consensus for a rise of 0.1%. Existing home sales had registered a rise of 1.9% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 1.3049, with the USD trading a tad higher against the CAD from yesterday’s close.

- advertisement -

The pair is expected to find support at 1.3027, and a fall through could take it to the next support level of 1.3005. The pair is expected to find its first resistance at 1.3065, and a rise through could take it to the next resistance level of 1.3081.

The currency pair is trading above 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.