By GCI Financial
| Nov 25, 2012 09:00AM GMT |
For the 24 hours to 23:00 GMT on Friday, the USD rose 0.17% against the CAD to close at 0.9977.
On the economic front, Canada’s retail sales rose 0.1% (MoM) in September, from 0.3% in the previous month.
In the Asian session, at 04:00 GMT, the pair is trading at 0.9978, with the USD trading marginally higher from Thursday’s close.
The pair is expected to find support at 0.9960, and a fall through could take it to the next support level of 0.9942. The pair is expected to find its first resistance at 0.9989, and a rise through could take it to the next resistance level of 1.0001.
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