USD/CAD Analysis: Buy signals

Dukascopy Bank Team Dukascopy Bank SA

USD/CAD

The US Dollar traded sideways against the Canadian Dollar on Tuesday. The USD/CAD currency pair made about 33 basis points movement during yesterday's trading session.

All things being equal, the exchange rate will most likely gain some upward momentum within this session. Bullish traders could surpass the weekly resistance level at 1.3309.

Furthermore, technical indicators suggest that the currency exchange rate will continue to trade bullish during the following trading session.

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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