Canadian dollar (CAD)

The Canadian Dollar advanced against the Euro for a third day on speculation that the Bank of Canada may raise interest rates sooner than the European Central Bank. However, the Canadian dollar did weaken against the U.S dollar. The USD/CAD's support is located at 0.9840, and as long as the rate is below 1.0000 the Canadian Dollar is still more attractive. The next resistance level on the four hour chart is located at 0.9920. Overall, USD/CAD traded with a low of 0.9847 and with a high of 0.9902. Today, no major economic data is expected.

USD/CAD - Last: 0.9875

Resistance

0.9900

0.9935

0.9980

Support

0.9850

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