For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CAD and closed at 1.3174.
In the Asian session, at GMT0300, the pair is trading at 1.3148, with the USD trading 0.2% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.3104, and a fall through could take it to the next support level of 1.3061. The pair is expected to find its first resistance at 1.3226, and a rise through could take it to the next resistance level of 1.3305.
Ahead in the day, all eyes will be on a speech by the Bank of Canada’s Governor, Stephen Poloz. The currency pair is trading below its 20 Hr and 50 Hr moving averages.
