Canadian dollar (CAD)

The U.S dollar gained against the Canadian Dollar for a second day after the Bank of Canada mentioned that no more interest rate increases are expected in the near future. Holding above the support level of 0.9850, keeps the momentum positive for the USD/CAD pair. Overall, USD/CAD traded with a low of 0.9887 and with a high of 0.9966. Today, the Leading Indicators Index is expected at 0.4% vs. 0.3% previously. The Wholesale Sales are expected at 0.4% vs. 0% previously.

 

 

USD/CAD - Last: 0.9962

 

Resistance

0.9980

1.0020

Support

0.9935

0.9890

0.9840

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