The Canadian Dollar rose to the strongest level in three weeks on optimism the global economic expansion will boost demand for commodity linked currencies and assets tied to growth. Trade Balance came out worse than expected at 0.2B vs.0.7B forecast. As long the USD/CAD below 1.0400 levels a short position is preferred. Overall, USD/CAD traded with a low of 1.0287 and with a high of 1.0449.

USD/CAD-Last: 1.0326

Resistance

1.0350

1.0450

1.0600

Support

1.0285

 
 

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