The Canadian dollar appreciated to its highest level since October versus its U.S. counterpart as speculation the global recession is over encouraged appetite for higher-yielding assets. CPI came out worse than expected at 0% vs. 0.3% forecast. Overall, USD/CAD traded with a low of 1.0591 and with a high of 1.0675. Today, Wholesale Sales are expected at 0.7% vs. 0.6% prior.

CAD/USD - Last: 1.067

Resistance

1.0735

1.075

1.082

Support

1.06

1.055

1.051

/