Momentum upwards has died now. I expect that price will start falling later this afternoon or maybe tomorrow morning. CAd could range now it has been sideways for a month and I do not see a strong trend on fundamentals
The USDCAD finds a good resistance around the 1.3400 zone and tries to go back down. To the downside, the 200 day EMA and the 1.3300 level could act as support. To the upside, the 1.3500 level could act as resistance.
Good resistance on the USDCAD around the 1.3343 level. the lows on the daily chart are getting higher, showing that the pressure may cause a bullish breakout. To the upside, the 1.3400 level may act as resistance.
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