The Canadian Dollar fell to the lowest level in almost three months versus the Dollar as investors pared bets that the Bank of Canada will lift interest rates as early as June and oil continued to plunge. Building Permits and Ivey PMI came out better than expected at 12.2% vs. 0.6% forecast and 58.7 vs. 57.7 forecasts. As long the USD/CAD above 1.0300 levels a long position is preferred. Overall, USD/CAD traded with a low of 1.0281 and with a high of 1.0742. Today, Employment Change is expected to rise from 17.9K to 24.3K, Unemployment Rate is expected to remain at 8.2%.

 USD/CAD - Last: 1.0464

Resistance

1.0560

1.0645

1.0742

Support

1.0355

1.0175

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