It’s a busy day ahead, with economic data, U.S politics, COVID-19, and Brexit to provide direction throughout the day.
USD/CAD settled above the resistance at 1.3330 and is trying to get to the test of the next resistance at 1.3420.
The Canadian dollar was little changed against its broadly stronger U.S. counterpart as stronger-than-expected U.S. data offset worries about rising coronavirus infections, with the currency rebounding from an earlier four-week low. The Canadian dollar <CAD=> was trading nearly unchanged at 1.3315 to the greenback, or 75.10 U.S. cents. The U.S. data "may have given the loonie some reason to rally off its lows from earlier this morning," said Michael Goshko, corporate risk manager at Western Union Business Solutions.