USD/CAD: Existing Home Sales Declined In Canada

USD/CAD: Existing Home Sales Declined In Canada

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD to close at 0.9839.

In economic releases, existing home sales in Canada declined 1.7% (MoM) in November, following the 0.1% fall recorded in the previous month.

In the Asian session, at GMT0400, the pair is trading at 0.9833, with the USD trading marginally lower from yesterday’s close.

The pair is expected to find support at 0.9817, and a fall through could take it to the next support level of 0.9800. The pair is expected to find its first resistance at 0.9866, and a rise through could take it to the next resistance level of 0.9898.