Canadian dollar (CAD)

The Canadian Dollar strengthened against the US Dollar for the first time in three days as the Federal Reserve keeps stimulus measures in place, bolstering demand for higher yielding assets. As long as USD/CAD is trading below 1.0000 the Canadian Dollar is more attractive and the next support level on the daily chart is located at 0.9900. Overall, USD/CAD traded with a low of 0.9937 and with a high of 0.9981. No economic data is expected today.

USD/CAD - Last: 0.9945

Resistance

0.9980

1.0000

Support

0.9925

0.9900

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