USD/CAD - Last: 1.0165
Resistance
1.0188
Support
1.0152
1.0116
1.0061
The Canadian Dollar weakened versus the Dollar after Canada's annual core inflation rate unexpectedly rose in February to 2.1 percent from 2.0 percent, putting more pressure on the Bank of Canada as it ponders when to withdraw extraordinary stimulus from the economy. USD/CAD has been trading downwards since February as long it's below 1.0350 a short position is preferred. Overall, USD/CAD traded with a low of 1.0061 and with a high of 1.0189. No economic data expected today.
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