USD/CAD Analysis: Bullish sentiment

Dukascopy Bank Team Dukascopy Bank SA

USD/CAD

Bullish momentum has pressured the US Dollar higher against the Canadian Dollar since Thursday's trading session. The currency pair has surged by 139 basis points or 1.04% in value during this period.

All things being equal, the USD/CAD exchange rate will most likely continue its bullish momentum within this session. The potential target for the pair will be at the psychological level at 1.3600.

However, the monthly R2 at 1.3444 could provide resistance for the currency exchange rate during the following trading session.

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Dukascopy Bank Team

Dukascopy Bank SA

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