Canadian dollar (CAD)

The Canadian Dollar gained versus the Dollar as Foreign Securities Purchases came out better and Crude kept advancing. Foreign Securities Purchases came out 5.08B versus 2.97B forecast. Overall, USD/CAD traded with a low of 1.0278 and with a high of 1.0421. Today, BOC will release its Interest Rate Decision and is expected to leave it unchanged at 0.25%. Leading Index is expected weaker with 0.9% versus 1.1% prior and Wholesale Sales are expected at -0.4% versus 2.8% prior.

CAD/USD - Last: 1.0290

Resistance

1.0395

1.0438

1.0505

Support

1.0275

1.0205

1.0180

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