German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed to ask Euro officials leaders to assess a “comprehensive and ambitious” package of measures to solve the Greece debt crisis at the summit on Sunday.
In Canada, the wholesale sales rose up 0.2% (M-o-M) in August to C$48.4 billion following a 0.9% rise in July.
In the Asian session, at GMT0300, the pair is trading at 1.0158, with the USD trading slightly lower from yesterday’s close.
The pair is expected to find support at 1.0111, and a fall through could take it to the next support level of 1.0064. The pair is expected to find its first resistance at 1.0226, and a rise through could take it to the next resistance level of 1.0294.
The pair is expected to trade on the cues from the release of Consumer Price Index (CPI) in Canada.
Please see the attached chart below.
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