Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on New Home Sales.
USD/CAD was trading at 1.0058, down 1.08% at time of writing.
The pair was likely to find support at 0.9991, Tuesday’s low, and resistance at 1.0212, Tuesday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 313K last month from 296K in the preceding month whose figure was revised up from 295K.
Analysts had expected new home sales to rise to 300K last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3905 and GBP/USD falling 0.23% to hit 1.5964.
USD/CAD was trading at 1.0058, down 1.08% at time of writing.
The pair was likely to find support at 0.9991, Tuesday’s low, and resistance at 1.0212, Tuesday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 313K last month from 296K in the preceding month whose figure was revised up from 295K.
Analysts had expected new home sales to rise to 300K last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3905 and GBP/USD falling 0.23% to hit 1.5964.