Canadian dollar (CAD)

The Canadian Dollar weakened versus the US Dollar after a government report showed annual inflation slowed in January (0.0% vs. 0.2% forecast), which led investors to sell the Canadian Dollar on Friday. The USD/CAD's support is located at the 0.9800 level, and as long as the pair is trading below the 20 moving average on the daily chart and below 0.9950, the Canadian Dollar is still more attractive. Overall, USD/CAD traded with a low of 0.9819 and with a high of 0.9874. No economic data is expected today.

USD/CAD - Last: 0.9865

Resistance

0.9870

0.9890

0.9900

Support

0.9835

0.9825

width=479