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.
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.