The Canadian Dollar reached the lowest level in more than 2 months as stocks and commodities dropped while demonstrations in Greece against austerity measures turned deadly, discouraging demand for currencies related to growth. As long as the USD/CAD is above 1.02 a long position is preferred. Overall, USD/CAD traded with a low of 1.0232 and with a high of 1.0355. Today, Building Permits are expected to rise from -0.5% to 0.6%, Ivey PMI is expected at 57.7 vs. 57.8 prior.

USD/CAD - Last: 1.0295

Resistance

1.0324

1.0355

Support

1.0257

1.0176

1.0107

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