Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on New Home Sales.
USD/CAD was trading at 1.0317, up 0.34% at time of writing.
The pair was likely to find support at 0.9918, Wednesday’s low, and resistance at 1.0386, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised up from 298K.
Analysts had expected new home sales to fall to 293K last month.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.11% to hit 1.3483 and GBP/USD rising 0.59% to hit 1.5537.
USD/CAD was trading at 1.0317, up 0.34% at time of writing.
The pair was likely to find support at 0.9918, Wednesday’s low, and resistance at 1.0386, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell less-than-expected to a seasonally adjusted annual rate of 295K last month from 302K in the preceding month whose figure was revised up from 298K.
Analysts had expected new home sales to fall to 293K last month.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.11% to hit 1.3483 and GBP/USD rising 0.59% to hit 1.5537.