Loonie Continues To Trade Lower In The Asian Session

USD/CAD” title=”USD/CAD” width=”520″ height=”474″ />For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CAD to close at 1.0185.In the Asian session, at GMT0300, the pair is trading at 1.0193, with the USD trading marginally higher from yesterday’s close.The pair is expected to find support at 1.0125, and a fall through could take it to the next support level of 1.0057. The pair is expected to find its first resistance at 1.0229, and a rise through could take it to the next resistance level of 1.0265.Ahead today, Canadian manufacturing shipments data for March will be released. Market expects manufacturing sales to increase by 1.0%, against February’s rise of 2.6%.

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