The Canadian Dollar traded at almost a one-week high versus the Dollar as the outlook for a narrowing government budget deficit made the Canadian currency attractive to investors. As long the USD/CAD below 1.0300 levels a short position is preferred. Overall, USD/CAD traded with a low of 1.0110 and with a high of 1.0209. Today, Manufacturing Sales are expected to rise from 0.1% to 1.1%.

USD/CAD - Last: 1.0221

Resistance

1.0250

1.0290

1.0390

Support

1.0110

 
 

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