The Canadian Dollar gained slightly versus the Dollar as Crude gained and demand for higher yielding assets remained strong. RMPI came out stronger than expected with 0.4% versus -1% prior. Overall, USD/CAD traded with a low of 1.0157 and a high of 1.0222. USD/CAD has reversed back downwards after reaching 1st Fibonacci retracement at 1.0304 and continues its main downtrend. Today, Monthly GDP is expected with 0.5% versus 0.6% prior.

USD/CAD - Last: 1.0180

Resistance

1.0225

1.0270

1.0303

Support

1.0155

1.0120

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