Canadian Dollar (CAD), Daily Review, Feb 24 2010

By IBTimes Staff Reporter | February 24 2010 7:09 AM

The Canadian Dollar dropped versus the American Dollar as stock markets declined and higher yielding assets' demand lowered on slower economic recovery. Overall, USD/CAD traded with a low of 1.0381 and a high of 1.0579. USD/CAD has crossed above daily moving averages 50 and 100 and is heading upwards toward the next resistance at 1.06. No major economic data expected today.

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USD/CAD - Last: 1.0550

Resistance

1.0605

1.0650

1.0695

Support

1.0515

1.0465

1.0415

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