Canada's dollar slightly weakened versus the U.S Dollar as traded in a narrow range on speculations that the FED will take steps for providing more stimulus in the U.S. Breaching above the resistance level of 1.03 turns the momentum to positive for the pair. Overall, USD/CAD traded with a low of 1.0255 and with a high of 1.0298. Today, The Housing Starts are expected at 185K vs. 193K previously.

USD/CAD - Last: 1.0295

Resistance

1.0300

1.0340

1.0400

Support

1.0225

1.0180

 

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