Canadian dollar (CAD)

The Canadian dollar touched highest level against the U.S. Dollar since March 2008 but still no strong move has seen in the USD/CAD pair as it bounced back to the critical support level of 0.9840. Only breaking that support might extend the decline in the pair, otherwise a rebound back to parity might be seen. Overall, USD/CAD traded with a low of 0.9814 and with a high of 0.9857. Today, the Core CPI is expected at 0.2% vs. -0.3% previously.

USD/CAD - Last: 0.9840

Resistance

0.9850

0.9900

0.9930

Support

0.9820

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