Canadian Dollar forecast & technical analysis USDCAD Pares Gains Dec 6
- The pair is trading at 1.2665
- The pair traded at a high of 1.2707 and a low of 1.2658
- expected to its find support at 1.2624
USDCAD Pares Gains – Canada’s international merchandise trade deficit narrowed more-than-expected in October.
USDCAD The pair is trading at 1.2665 at 10:40 GMT this morning, with the USD trading 0.18% lower against CAD from the New York close.
USDCAD Pares Gains
The pair traded at a high of 1.2707 and a low of 1.2658 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.34% higher at 1.2688. On the macro front, Canada’s international merchandise trade deficit narrowed more-than-expected in October. The pair is expected to its find support at 1.2624 and its first resistance at 1.2707.
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