- The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on New Home Sales.
USD/CAD was trading at 1.0373, down 0.94% at time of writing.
The pair was likely to find support at 1.0305, today’s low, and resistance at 1.0523, Friday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down from 313K.
Analysts had expected new home sales to fall to 312K last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.51% to hit 1.3305 and GBP/USD rising 0.37% to hit 1.5496.
USD/CAD was trading at 1.0373, down 0.94% at time of writing.
The pair was likely to find support at 1.0305, today’s low, and resistance at 1.0523, Friday’s high.
Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised down from 313K.
Analysts had expected new home sales to fall to 312K last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.51% to hit 1.3305 and GBP/USD rising 0.37% to hit 1.5496.
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