Canadian dollar (CAD)

The Canadian Dollar traded mostly unchanged against the US Dollar in a tight range of 42 pips, fluctuating around the 0.97 zones and attempting to determine further trend. Holding above the support level of 0.9700 might rebound the pair back to parity. But, if Oil prices keep going up, the pair will probably break its strong support of 0.9700. Overall, USD/CAD traded with a low of 0.9700 and with a high of 0.9742. Today, Building Permits are expected to grow by 1.8% vs. 2.4% previously.

USD/CAD - Last: 0.9726

Resistance

0.9740

0.9760

Support

0.9700

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