Canada's dollar slightly gained against the U.S. currency for the first time in 4 days on a speculation that BOC might increase interest rates for the second time. Foreign Securities Purchase came out 23.16B better than expected 8.05B. Breaching the resistance level at 1.0580 might push the pair higher. Overall, USD/CAD traded with a low of 1.0497 and with a high of 1.0577. Today, the Interest Rate Decision is expected to rise from 0.5% previously to 0.75%.

USD/CAD - Last: 1.0507

Resistance

1.0520

1.0580

 

Support

1.0470

1.0420

 

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