Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Pending Home Sales.
USD/CAD was trading at 0.9709, down 1.04% at time of writing.
The pair was likely to find support at 0.9690, today’s low, and resistance at 0.9913, Monday’s high.
Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 8.2% last month from -11.3% in the preceding month whose figure was revised up from -11.6%.
Analysts had expected Pending home sales to rise to 2.4% last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.4422 and GBP/USD rising 0.33% to hit 1.6054.
USD/CAD was trading at 0.9709, down 1.04% at time of writing.
The pair was likely to find support at 0.9690, today’s low, and resistance at 0.9913, Monday’s high.
Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 8.2% last month from -11.3% in the preceding month whose figure was revised up from -11.6%.
Analysts had expected Pending home sales to rise to 2.4% last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.4422 and GBP/USD rising 0.33% to hit 1.6054.