Canadian dollar (CAD)

The Canadian Dollar dropped from a two-year high against its U.S. counterpart as crude oil, the nation's biggest export, fell for the third day on reduced concern that supplies will be disrupted by protests in Egypt. As long as USD/CAD is trading below 0.9940, the Canadian dollar will be more attractive. The next support level on the daily chart is located at 0.9840. Overall, USD/CAD traded with a low of 0.9858 and with a high of 0.9911. Today, Housing starts are expected at 171.00K vs. 168.00K previously.

USD/CAD - Last: 0.9900

Resistance

0.9915

0.9973

1.0026

Support

0.9843

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