Canadian dollar (CAD)

The Canadian Dollar rose versus the US Dollar as crude oil jumped sharply to a new record since 2008, drifting the Canadian Dollar as well. The USD/CAD's support is still 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 0.9900, the momentum of the Canadian Dollar is positive. Overall, USD/CAD traded with a low of 0.9821 and with a high of 0.9872. Today, Core Retail Sales are expected at 0.70% vs. 1.00% prior and Retail Sales at -0.10% vs. 1.30% prior.

USD/CAD - Last: 0.9860

Resistance

1.0030

1.0205

1.0380

Support

0.9815

0.9800

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