COZ Forex: For the past trading session GMT on Friday, the USD rise 0.21% against the CAD to close at 0.9806.

In the Asian session, USD/CAD is trading at 0.981, with the USD trading marginally higher from Fridayís close, as ongoing uncertainty over Spainís position on requesting a formal bailout and concerns over the outlook for the global economy weighed on demand for riskier currencies.

Technically, USD/CAD is predicted to find its first resistance at 0.9824, and a rose through could take it to the next resistance line of 0.9839. Meantime, the pair is predicted to find support at 0.9782, and a fell through could take it to the next support line of 0.9754.

The currency pair is trading above its 20 hours and 50 hours moving averages. (Coz Forex UK)

COZ Forex Chart:

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