Canadian dollar (CAD)

The Canadian Dollar rose against the US Dollar, posting its highest level since Nov 2007, as it declined for a fourth day in a row after the GDP came out at 0.5%, which is better than the expected 0.3%. Holding below the support level of 0.9770 might extend the decline in this pair. Overall, USD/CAD traded with a low of 0.9705 and with a high of 0.9800. Today, the Interest Rate Decision is expected unchanged at 1%.

USD/CAD - Last: 0.9708

Resistance

0.9755

0.9820

0.9860

Support

0.9705

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