Canadian Dollar (CAD), Daily Review, Feb 10 2010

By IBTimes Staff Reporter | February 10 2010 6:40 AM

The Canadian Dollar gained versus the American Dollar as equities and commodity prices rose due to Greece's upcoming bailout. Overall, USD/CAD traded with a low of 1.0645 and a high of 1.0757. USD/CAD failed to break above resistance near 1.078 and seems to be heading toward support at 1.06. Today, Trade Balance is expected with -0.1B versus -0.3B prior. Crude Inventories could affect the commodity linked currency's direction.

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USD/CAD - Last: 1.0670

Resistance

1.0640

1.0650

1.0555

Support

1.0750

1.0780

1.0850

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