For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3709 on Friday.
On the data front, Canada’s Teranet/National Bank house price index rose 1.2% in April, following a gain of 0.9% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3680, with the USD trading 0.21% lower against the CAD from Friday’s close.
The pair is expected to find support at 1.3649, and a fall through could take it to the next support level of 1.3618. The pair is expected to find its first resistance at 1.3726, and a rise through could take it to the next resistance level of 1.3772.
Going ahead, all eyes will be on Canada’s existing home sales data for April, due to release later in the day.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
