Canadian dollar (CAD)

The U.S dollar gained against the Canadian Dollar for a third day on speculation that China will take more measures to cool economic growth, restraining the appetite for commodity linked currencies. Breaching the resistance level of 1.0020 might fuel further extend in the pair. Overall, USD/CAD traded with a low of 0.9947 and with a high of 1.0028. Today, the Core Retail Sales are expected at 0.6% vs. 0.9% previously.

USD/CAD - Last: 0.9962

 

Resistance

0.9980

1.0020

Support

0.9935

0.9890

0.9840

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