Forex - USD/CAD rises in early trade

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Investing.com - The U.S. dollar was higher against its Canadian counterpart on Tuesday, as trading volumes were expected to remain thin with no major U.S. economic reports to be released throughout the session.

USD/CAD hit 1.1377 during early U.S. trade, the session high; the pair subsequently consolidated at 1.1369, rising 0.36%.

The pair was likely to find support at 1.1288, the low of November 20 and resistance at 1.1445, the high of November 28.

The greenback remained mildly supported after the U.S. Institute for Supply Management said on Monday that its index of purchasing managers fell to 58.7 last month from a reading of 59.0 in October. Analysts had expected the manufacturing PMI to decline to 57.9 in November.



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