The Canadian Dollar declined against the Dollar after reaching parity for a second consecutive day on speculation the Bank of Canada will accelerate interest rate increases. Building Permits came out worse than expected at -0.5% vs. 2.1% forecast. USD/CAD has been trading downwards since February as long it's below 1.0300 a short position is preferred. Overall, USD/CAD traded with a low of 0.9977 and with a high of 1.0062. No economic data expected today.

 USD/CAD - Last: 1.0053

Resistance

1.0067

1.0128

1.0200

Support

0.9975

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