The Canadian Dollar gained from a 6 week low versus the Dollar as Commodities and Equities advanced. Overall, USD/CAD traded with a low of 1.0606 and a high of 1.0721. USD/CAD has turned back down after reaching close to its major resistance at 1.0745 and could continue to breakdown. No economic data expected today.

USD/CAD - Last: 1.0610

Resistance

1.0685

1.0720

1.0780

Support

1.0600

1.0555

1.0525

width=450