The Canadian Dollar retreated from its 3 week low level as the Dollar weakened across the board. The pair broke below 1.06 level and trimmed part of losses. Trading above the support level of 1.0530 keeps the momentum positive for the pair. Overall, USD/CAD traded with a low of 1.0576 and with a high of 1.0672. No economic data is expected today.

USD/CAD-Last: 1.0588

Resistance

1.0600

1.0670

 

Support

1.0530

1.0440

 

width=480