For the 24 hours to 23:00 GMT, the USD declined 0.98% against the CAD and closed at 1.2900.
In the Asian session, at GMT0400, the pair is trading at 1.2893, with the USD trading 0.10% lower against the CAD from yesterday’s close.
The pair is expected to find support at 1.2831, and a fall through could take it to the next support level of 1.2770. The pair is expected to find its first resistance at 1.3004, and a rise through could take it to the next resistance level of 1.3116.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
