Forex – USD/CAD Down

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Existing Home Sales.

USD/CAD was trading at 0.9472, down 0.28% at time of writing.

The pair was likely to find support at 0.9458, today’s low, and resistance at 0.9635, Monday’s high.

Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of 4.77M last month from 4.81M in the preceding month.

Analysts had expected existing home sales to rise to 4.92M last month.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.51% to hit 1.4228 and GBP/USD rising 0.24% to hit 1.6162.

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