The Dollar extended the fall to a 4 week low against the Canadian Dollar trading around 1.0470, capped by the 1.0770 level. Commodity linked currencies such as the Canadian and Australian Dollar gained versus the American Dollar on expectance of higher Chinese growth. Breaking below 1.0480 levels might extend gains in the Canadian Dollar. Overall, USD/CAD traded with a low of 1.0462 and with a high of 1.0531. Today, The Manufacturing Sales is expected at 2% vs. 0.1% previously.

USD/CAD - Last: 1.0484

Resistance

1.051

1.0532

1.0575

Support

1.0465

1.0445

1.041

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