In the 24 hours to 23:00 GMT, USD 7.48% rose against CAD and closed at 1.4018.
In the Asian session on GMT0300, the pair traded at 1.4051, with the USD trading 0.24% higher against CAD from yesterday’s close.
The couple is expected to find support at 1.3946, and a fall through could lead to the next support level of 1.3840. The pair is expected to find its first resistance of 1.4111, and an increase through it can lead to the next resistance level of 1.4170.
In the absence of macroeconomic releases in Canada today, investor sentiment would be guided by global macroeconomic factors.
The currency pair trades above its moving averages of 20 hr and 50 hr.