Canadian dollar (CAD)

The Canadian Dollar weakened against the Dollar as oil fell sharply to an eight week low in New York, drifting the Canadian as well. As long as USD/CAD is trading below 1.0000 the Canadian Dollar is more attractive, the next support level on the one hour chart is located at 0.9930 .Overall, USD/CAD traded with a low of 0.9926 and with a high of 0.9986. No economic data expected today.

USD/CAD - Last: 0.9963

Resistance

0.9975

1.0000

Support

0.9940

0.9915

width=481