Canadian Dollar (CAD), Daily Review, Feb 23 2010

 @ibtimes on February 23 2010 5:35 AM

The Canadian Dollar weakened versus the American Dollar as stock markets declined and Copper, one of Canada's biggest exports, prices fell. Overall, USD/CAD traded with a low of 1.0370 and a high of 1.0441. USD/CAD is facing resistance near daily moving averages 50 and 100 at the area of 1.05. No economic data expected today.

USD/CAD - Last: 1.0425

Resistance

1.0445

1.0475

1.0530

Support

1.0370

1.0335

1.0315

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