Canadian dollar (CAD)

- The Canadian Dollar weakened against the Dollar as better than expected data from U.S. and optimistic words from Ben Bernanke succeeded to drift the Dollar to be positive. As long as USD/CAD is trading below 1.0000 and below the 10 moving average on the daily chart the Canadian Dollar is still more attractive, the next support level on the daily chart is located at 0.9840 .Overall, USD/CAD traded with a low of 0.9863 and with a high of 0.9922. Today, Employment Change is expected at 21.20K vs. 22.00K prior, Unemployment Rate is expected to remain at 7.6%, Ivey PMI is expected to rise from 50.00 to 53.70.

USD/CAD - Last: 0.9904

Resistance

0.9922

0.9980

1.0030

Support

0.9865

width=479