For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD and closed at 1.3358.

In the Asian session, at GMT0300, the pair is trading at 1.3334, with the USD trading 0.18% lower against the CAD from yesterday’s close.

The pair is expected to find support at 1.3310, and a fall through could take it to the next support level of 1.3285. The pair is expected to find its first resistance at 1.3377, and a rise through could take it to the next resistance level of 1.3419.

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Moving forward, traders would keep a watch on Canada’s housing starts for July, slated to release later today.

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

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