The Canadian Dollar weakened versus the Dollar as Oil and equities declined following Spain's downgrade. Overall, USD/CAD traded with a low of 1.0443 and a high of 1.0560. USD/CAD wasn't able to break below its 50 days moving average which acts as a support for the pair. Today, GDP is expected stronger with 0.5% versus 0.3% prior.

USD/CAD - Last: 1.0505

Resistance

1.0560

1.0610

1.0720

Support

1.0475

1.0440

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