Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Industrial Production.
USD/CAD was trading at 1.0196, down 0.14% at time of writing.
The pair was likely to find support at 1.0086, Monday’s low, and resistance at 1.0288, today’s high.
Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.7% last month, from -0.1% in the preceding month whose figure was revised down from 0.2%.
Analysts had expected U.S. industrial production to rise 0.4% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.3516 and GBP/USD falling 0.34% to hit 1.5769.
USD/CAD was trading at 1.0196, down 0.14% at time of writing.
The pair was likely to find support at 1.0086, Monday’s low, and resistance at 1.0288, today’s high.
Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.7% last month, from -0.1% in the preceding month whose figure was revised down from 0.2%.
Analysts had expected U.S. industrial production to rise 0.4% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.3516 and GBP/USD falling 0.34% to hit 1.5769.