The Canadian Dollar gained versus the Dollar as commodities bounced off their 3 month lows, encouraged by Europe's new Bailout Package. Overall, USD/CAD traded with a low of 1.0209 and a high of 1.0377. USD/CAD might gain support from the 200 daily moving averages, but currently it resumes its long term monthly downtrend. No economic data expected today.

USD/CAD - Last: 1.0240

Resistance

1.0295

1.0355

1.0400

Support

1.0200

1.0150

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