The Canadian Dollar weakened versus The Dollar for the first time in three days as stocks and crude oil declined and as a report showed wholesale sales unexpectedly fell in April. Wholesale Sales came out at -0.3% vs. 0.4% forecast. As long the USD/CAD below 1.0300 levels a short position is preferred. Overall, USD/CAD traded with a low of 1.0224 and with a high of 1.0338. Today, Foreign Securities Purchases are expected to rise from -0.62B to 2.87B, Leading Index is expected at 0.8% vs. 0.9% prior.

USD/CAD-Last: 1.0278

Resistance

1.0325

1.0390

1.0455

Support

1.0225

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