Canadian Dollar (CAD)

The Canadian Dollar weakened versus the Dollar as stocks and commodities dropped and demand for high yielding assets dropped. Overall, USD/CAD traded with a low of 1.0235 and a high of 1.0314. USD/CAD trend is still downwards but it is trading near its 2009 lows at 1.0205. A rebound back up is possible but it will be against the main trend. Today, Foreign Securities Purchases are expected lower with 5.23B versus 5.81B.

USD/CAD - Last: 1.0295

Resistance

1.0320

1.0355

1.0410

Support

1.0265

1.0225

1.0205

USDCAD