USD/CAD

Upside risks dominated the US Dollar against the Canadian Dollar on Thursday. The USD/CAD currency pair edged higher by 120 pips or 0.90% during Thursday's trading session.

As for the near future, the exchange rate could continue to surge. Bullish traders are likely to target the upper boundary of a descending channel pattern at the 1.3500 level.

However, the weekly pivot point at 1.3455 could still provide resistance for the currency exchange rate today.

USDCAD

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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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