The Canadian Dollar rose for the first time in four days versus the Dollar after the Bank of Canada signaled that policy makers are preparing to change lending rates for the first time in a year. The interest rate remained unchanged at 0.25%. As long the USD/CAD below 1.0100 level a short positions is preferred. Overall, USD/CAD traded with a low of 1.0.9970 and with a high of 1.0164. Today, Wholesale Sales are expected to weak from 3.0% to 1.0%.

 USD/CAD - Last: 0.9968

Resistance

1.0045

1.0100

1.0214

Support

0.9953

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