Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of Canadian data on Trade Balance.
USD/CAD was trading at 0.9608, up 0.42% at time of writing.
The pair was likely to find support at 0.9514, today’s low, and resistance at 0.9702, Friday’s high.
Earlier in the day, official data showed that Canada’s trade balance rose more-than-expected to a seasonally adjusted 0.6B last month from 0.4B in the preceding month whose figure was revised up from 0.0B.
Analysts had expected Canadian trade balance to rise 0.5B last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.43% to hit 1.4203 and GBP/USD falling 0.07% to hit 1.6355.
USD/CAD was trading at 0.9608, up 0.42% at time of writing.
The pair was likely to find support at 0.9514, today’s low, and resistance at 0.9702, Friday’s high.
Earlier in the day, official data showed that Canada’s trade balance rose more-than-expected to a seasonally adjusted 0.6B last month from 0.4B in the preceding month whose figure was revised up from 0.0B.
Analysts had expected Canadian trade balance to rise 0.5B last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.43% to hit 1.4203 and GBP/USD falling 0.07% to hit 1.6355.