Canadian Dollar (CAD), Daily Review, June 9th 2010

By IBTimes Staff Reporter | June 09 2010 4:51 AM

The Canadian Dollar gained for a second day versus the Dollar as the European debt crisis continues driving investors to currencies with stable debt sheets. Housing Starts disappointed with 189K versus 203K expected. Overall, USD/CAD traded with a low of 1.0468 and a high of 1.0595. USD/CAD is still trading above moving averaged 50 and 100 and bullish positions are preferred if the pair remains above 1.03. No economic data expected today.

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USD/CAD - Last: 1.0500

Resistance

1.0590

1.0620

1.0680

Support

1.0470

1.0345

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