The Canadian Dollar continued climbing against its U.S. counterpart as Crude oil soared and stocks advanced. USD/CAD fell to 1.0425 posting a 4-week high. The pair has a key support at 1.04. A break below this level could lead to a continuance of the downtrend. Overall, USD/CAD traded with a low of 1.0425 and a high of 1.05. No economic data expected today.

USD/CAD - Last: 1.0430

Resistance

1.0455

1.0508

1.0540

Support

1.0400

1.0375

1.0350

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