For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.3538.
In the Asian session, at GMT0300, the pair is trading at 1.3549, with the USD trading 0.08% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3526, and a fall through could take it to the next support level of 1.3503. The pair is expected to find its first resistance at 1.3566, and a rise through could take it to the next resistance level of 1.3583.
Looking forward, traders would keep a watch on Canada’s Ivey Purchasing Managers’ Index for June, slated to later today.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.