The Canadian Dollar touched its strongest level against the US Dollar in 22 month reaching the 0.9930 level but ended the day almost unchanged near the parity level at 1. The Wholesale Sales came out -1.2% vs. expected 1.3%. In the near term more fluctuations around the 1 area are expected. Overall, USD/CAD traded with a low of 0.9928 and a high of 1.0014. Today, The Leading Indicators Index is expected unchanged at 0.8% and later a BOC Monetary Policy Report will be released.

USD/CAD - Last: 0.9968

Resistance

1.0005

1.0050

1.0130

Support

0.9955

0.9930

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