Canadian dollar (CAD)

The Canadian Dollar dropped to a one week low versus the Dollar after a positive declaration from the fed and worse than expected NHPI data (0.1% vs. 0.6% forecast) supported a weaker Canadian Dollar. The USD/CAD's resistance is located at 1.0000 level, as long as the rate below 1.0000 the Canadian Dollar is still more attractive, the next support level on the one hour chart is located at 0.9920 .Overall, USD/CAD traded with a low of 0.9937 and with a high of 0.9987. Today, Trade Balance is expected at -0.4B vs. -0.1B prior.

USD/CAD - Last: 0.9975

Resistance

0.9985

Support

0.9945

0.9930

0.9885

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