For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD and closed at 1.3213.
On the macro front, Canada’s RBC manufacturing PMI climbed to a level of 50.2 in July, following a level of 49.2 in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 1.3222, with the USD trading 0.07% higher against the CAD from yesterday’s close.
The pair is expected to find support at 1.3188, and a fall through could take it to the next support level of 1.3153. The pair is expected to find its first resistance at 1.3252, and a rise through could take it to the next resistance level of 1.3282.
Moving forward, investors would closely monitor Canada’s new housing price index and unemployment rate, both set to release next week.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
