Technical analysis:
USD/CAD has been trading sideways downwards. The price did break the 3-day balance support at 1.3233 and is heading towards the levels at 1.3125 and 1.3030. I see potential for the bigger drop on the USD/CAD.
Watch for selling opportunities on the rallies with the main targets at 1.3125 and 1.3030.
Stochastic oscillator is showing overbought condition and potential for downside rotation.
The slow line on the MACD oscillator just turned to the downside.
Support levels are set at the price of 1.3125 and 1.3030
Resistance level is set at the price of 1.3236 and 1.3270
