For the 24 hours to 23:00 GMT, the USD declined 0.48% against the CAD and closed at 1.3174.

In the Asian session, at GMT0400, the pair is trading at 1.3164, with the USD trading 0.08% lower against the CAD from yesterday’s close.

The pair is expected to find support at 1.3137, and a fall through could take it to the next support level of 1.3111. The pair is expected to find its first resistance at 1.3215, and a rise through could take it to the next resistance level of 1.3267.

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

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