The US Dollar declined by 38 pips or 0.30% against the Canadian Dollar on Thursday. The USD/CAD currency pair found support at 1.2476 during yesterday's trading session.

If the exchange rate breaks the support level at 1.2476, bearish traders are likely to pressure the price lower towards the 1.2420 area during the following trading session.

However, if the support line holds, the currency exchange rate might aim for the 1.2580 area today.

 

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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