Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of Canadian data on Trade Balance.
USD/CAD was trading at 1.0002, down 0.79% at time of writing.
The pair was likely to find support at 0.9981, Tuesday’s low, and resistance at 1.0094, Tuesday’s high.
Earlier in the day, official data showed that Canada’s trade balance fell more-than-expected to a seasonally adjusted -2.50B last month from -1.50B in the preceding month whose figure was revised down from -1.30B.
Analysts had expected Canadian trade balance to fall -1.50B last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.3780 and GBP/USD rising 0.88% to hit 1.6125.
USD/CAD was trading at 1.0002, down 0.79% at time of writing.
The pair was likely to find support at 0.9981, Tuesday’s low, and resistance at 1.0094, Tuesday’s high.
Earlier in the day, official data showed that Canada’s trade balance fell more-than-expected to a seasonally adjusted -2.50B last month from -1.50B in the preceding month whose figure was revised down from -1.30B.
Analysts had expected Canadian trade balance to fall -1.50B last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.3780 and GBP/USD rising 0.88% to hit 1.6125.