Canadian Manufacturing Sales Expanded In November

Canadian Manufacturing Sales Expanded In November

For the 24 hours to 23:00 GMT on Friday, the USD rose 0.63% against the CAD to close at 0.9922.

In Canada, manufacturing sales expanded 1.7% (MoM) in November, against the expectations for 1.0% rise and October’s contraction of 1.4%.

In the Asian session, at GMT0400, the pair is trading at 0.9912, with the USD trading 0.10% lower from Friday’s close.

The pair is expected to find support at 0.9866, and a fall through could take it to the next support level of 0.9820. The pair is expected to find its first resistance at 0.9953, and a rise through could take it to the next resistance level of 0.9994.