The Canadian Dollar gained slightly versus the Dollar but still unable to cross below parity. Trade Balance came out stronger with 1.4B versus 0.7B expected and NHPI came out worse than expected with 0.1%. Overall, USD/CAD traded with a low of 1.0005 and a high of 1.0066. USD/CAD has been struggling with the support level around parity at 1.00 and could head higher if unable to break below it. No economic data expected today.

USD/CAD - Last: 1.0015

Resistance

1.0065

1.0090

1.0130

Support

0.9990

0.9970

width=450