For the 24 hours to 23:00 GMT, the USD traded flat against the CAD and closed at 1.3201.
In economic news, Canada’s consumer price index (CPI) climbed 1.9% on an annual basis in September, less than market expectations for a rise of 2.1% and compared to a similar rise in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.3204, with the USD trading a tad higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3183, and a fall through could take it to the next support level of 1.3161. The pair is expected to find its first resistance at 1.3228, and a rise through could take it to the next resistance level of 1.3251.
Looking forward, traders would await Canada’s manufacturing shipments for August, set to release later in the day.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
