Canadian dollar (CAD)

The Canadian Dollar continued to gain versus the US Dollar, reaching the strongest level in two weeks as oil traded at almost a two year high, drifting the Canadian as well. As long as the USD/CAD is trading below 1.0000 and below the 10 moving average on the daily chart, the Canadian Dollar is more attractive, and the next support level on the one hour chart is located at 0.9930. Overall, USD/CAD traded with a low of 0.9860 and with a high of 0.9916. No economic data is expected today.

USD/CAD - Last: 0.9881

Resistance

0.9900

0.9925

0.9980

Support

0.9860

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