It’s a busy day ahead, with private sector PMI numbers in focus. Brexit, COVID-19, and U.S stimulus package updates will also influence.
USD/CAD managed to get below the support at 1.3080 but failed to move lower.
The Canadian dollar edged lower against its U.S. counterpart on Friday, giving back some of this week's advance, as a gloomy projection for domestic COVID-19 cases overshadowed higher oil prices and a bigger-than-expected increase in retail sales. The Canadian dollar was trading 0.2% lower at 1.3091 to the greenback, or 76.39 U.S. cents, having traded in a range of 1.3039 to 1.3096. Canada's chief public health officer predicted new daily coronavirus cases could soar to 60,000 by the end of the year from fewer than 5,000 now.