The Canadian Dollar rallied against most currencies as Canadian overnight interest rates rose to 0.75% last week, making Canada the first G-7 country to raise its rates in June. Policy makers stated they expect Canada's economic activity to return to full capacity by the end of next year. The pairs key support levels are located around 1.0350 levels on the hourly chart, and current price levels are facing 200- day SMA support. Overall, USD/CAD traded with a low of 1.0345 and with a high of 1.0437.

USD/CAD - Last: 1.0367

Resistance

1.0500

1.0580

 

Support

1.0350

1.0280

 

width=480