The Canadian Dollar closed almost unchanged after it weakened against the Dollar as China raised reserve requirements, discouraging demand for currencies related to economic growth. Breaking below 1.0480 levels might extend gains in the Canadian Dollar. Overall, USD/CAD traded with a low of 1.0487 and with a high of 1.0577. No important data expected today.

USD/CAD - Last: 1.0512

Resistance

1.0545

1.0575

1.0610

Support

1.0475

1.0450

1.0400

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