The Canadian Dollar declined versus the Dollar over concerns the European austerity plan will cut oil prices, the country's biggest export. Overall, USD/CAD traded with a low of 1.0211 and a high of 1.0378. USD/CAD turned back upwards after touching the 78.60% Fibonacci retracement of the upward movement it started in mid April. No economic data expected today.

USD/CAD - Last: 1.0410

Resistance

1.0470

1.0550

Support

1.0310

1.0250

1.0200

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