USDCAD

The US Dollar appreciated about 80 base points against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.

Today's trading session began with a bearish sentiment. By the middle of the European session, the Greenback had depreciated about 0.37% in values against its Canadian counterpart.

By and large, it is likely that the USD/CAD currency exchange rate will maintain its descending channel pattern today. The possible downside target for bearish traders will be near a support level at 1.3271.

USDCAD

USDCAD

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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