Canadian dollar (CAD)

The Canada's dollar fell against the U.S dollar and was among the only currencies declining vs. the greenback as report showing an increase in U.S. initial jobless claims damped growth expectations for Canada. The Trade Balance came out -0.1B, better than expected -2B. Holding above the 0.9850 support zone might rebound the pair upwards. Overall, USD/CAD traded with a low of 0.9853 and with a high of 0.9907. No major economic data is expected today.

USD/CAD - Last: 0.9899

Resistance

0.9900

0.9950

1.0020

Support

0.9850

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