The Canadian Dollar gained for the 4th straight day versus the Dollar as commodities advanced and speculations BOC will raise its interest rates before the Fed rose. Overall, USD/CAD traded with a low of 1.0274 and a high of 1.0362. USD/CAD has continued downwards and is near oversold RSI conditions and yearly lows at 1.02 which is expected to hold as a strong support. Today, Building Permits are expected with 1% versus 2.4% prior. Ivey PMI is expected higher with 56 versus 50.8 prior.

USD/CAD - Last: 1.0320

Resistance

1.0365

1.0410

1.0440

Support

1.0270

1.0250

1.0200

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