For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD and closed at 1.3095 on Friday.
In economic news, Canada’s manufacturing shipments eased 1.0% on a monthly basis in January, higher than market expectations for a fall of 0.9%. Manufacturing shipments had dropped by a revised 0.1% in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.3104, with the USD trading 0.07% higher against the CAD from Friday’s close.
The pair is expected to find support at 1.3065, and a fall through could take it to the next support level of 1.3025. The pair is expected to find its first resistance at 1.3127, and a rise through could take it to the next resistance level of 1.3149.
With no macroeconomic releases in Canada today, investor sentiment would be determined by global macroeconomic events.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
