Canadian Dollar (CAD)

The Canadian Dollar followed the trend and fell against the Dollar but gained versus most other majors as Crude prices rose slightly ending its 9 day decline. Leading Index came out better with 1.3% versus 0.6% and Labor Productivity came out weaker with -0.2% versus -0.4% expected. Overall, USD/CAD traded with a low of 1.0552 and a high of 1.0611. Today, Manufacturing Sales is expected with 1% versus 1.4% prior.

USD/CAD - Last: 1.0615

Resistance

1.0670

1.0700

1.0750

Support

1.0580

1.0550

1.0515

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