The Canadian Dollar declined versus the Dollar as economic worries surrounding EU debts caused investors to turn away from higher yielding currencies. Overall, USD/CAD traded with a low of 1.0002 and a high of 1.0181. USD/CAD moved higher after not being able to make new lows. The main trend continues to be downwards and the pair has resistance at 1.02 with the meeting with the 50 day moving average. No economic data expected today.

USD/CAD - Last: 1.0160

Resistance

1.0180

1.0220

Support

1.0115

1.0090

1.0065

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