For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD and closed at 1.2826.

In the Asian session, at GMT0300, the pair is trading at 1.2839, with the USD trading 0.10% higher against the CAD from yesterday’s close.

The pair is expected to find support at 1.2817, and a fall through could take it to the next support level of 1.2795. The pair is expected to find its first resistance at 1.2857, and a rise through could take it to the next resistance level of 1.2875.

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The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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