USD/CAD Open: 1.0615-1.0618 Overnight Range: 1.0610-1.0633
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $99.16 and gold is at $1,201. US futures are higher today. Today, the US releases durable goods order data.
The short term Canadian dollar technicals are bearish. For today, USD resistance is at 1.0671 and 1.0850. Support is at 1.0530 and 1.0270.
US durable goods data released this morning was better than expected. US markets will close early at 1pm today and will be closed tomorrow. Market activity is expected to be light and rangebound today.
Today’s Suggested Range USD/CAD: 1.0575 – 1.0675
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