Canadian dollar (CAD)

The Canadian Dollar rose against the Dollar after the Employment rate came out 69.20K better than expected 21.20K, the unemployment rate came out 7.80% worse than expected and the Ivey PMI came out 41.40 worse than expected 53.70. 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 0.9832 and with a high of 0.9915. Today, Building permits is expected at 2.90% vs. -11.20%.

USD/CAD - Last: 0.9867

Resistance

0.9915

0.9940

1.0000

Support

0.9840

width=481