The Canadian Dollar fell for the first time in five days as stocks fluctuated, reducing the appeal of currencies from nations that depend on commodities for growth. As long the USD/CAD below 1.0450 levels a short position is preferred, the momentum in the last few days is clearly bearish. Overall, USD/CAD traded with a low of 1.0300 and with a high of 1.0386. Today, Trade Balance is expected at 0.0B vs. 0.2B prior.

USD/CAD - Last: 1.0357

Resistance

1.0385

1.0455

 

Support

1.0300

 
 

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