The Canadian Dollar continued declining versus the Dollar as risk appetite continued to decline following drops in stocks and declines in Crude prices. Overall, USD/CAD traded with a low of 1.0246 and a high of 1.0448. USD/CAD continues upwards after touching the 78.60% Fibonacci retracement of the upward movement it started in mid April. The pair is located near its 200 day moving average which is likely to act as a resistance and detain the pair's upward movement around 1.0450. Today, Wholesale Sales are expected with 0.3% versus -1.2% prior.

USD/CAD - Last: 1.0410

Resistance

1.0440

1.0470

1.0550

Support

1.0310

1.0250

1.0200

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