The Canadian Dollar weakened from almost the strongest level in February versus the Dollar as confidence in an economic recovery and rising U.S. stocks failed to translate into demand for currencies tied to growth. The USD/CAD has not broken its support at 1.0400 levels if it breaks it the pair continues to go down. Overall, USD/CAD traded with a low of 1.0412 and with a high of 1.0471. Today, Core CPI is expected at 0.1% vs. -0.3% prior, Foreign Securities Purchases is expected at 7.21B vs. 10.54B prior.

CAD/USD - Last: 1.0473

Resistance

1.0488

1.0532

1.0610

Support

1.0410

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