Loonie Trading Higher In The Asian Session
GCI Financial | Oct 24, 2014 02:38AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.1227.
In the Asian session, at GMT0300, the pair is trading at 1.1221, with the USD trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.1196, and a fall through could take it to the next support level of 1.1172. The pair is expected to find its first resistance at 1.1255, and a rise through could take it to the next resistance level of 1.1290.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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