Recently, the USD/CAD has been trading downwards. The price tested the level of 1.3041. Anyway, according to the M30 time frame, I found exhausted sellers and a potential trap for sellers. The price stopped on the support trendline and that is a sign of strength. Watch for buying opportunities. The breakout of the supply trendline will confirm further upward movement. The upward target is set at the price of 1.3110.
