The Canadian Dollar fell for a fourth straight day versus the Dollar, touching the lowest level in seven weeks, as investors soured on higher yielding assets and currencies. As long the USD/CAD above 1.0500 levels a long position is preferred, the next resistance on the daily chart is located at 1.0700, if the price cross this level the trend will continue to be bullish. Overall, USD/CAD traded with a low of 1.0536 and with a high of 1.0664. No major economic data expected today.
USD/CAD - Last: 1.0595