Technical analysis:
USD/CAD has been trading downside, exactly what I expected in previous forecasts. I still expect bigger drop on the USD/CAD towards the levels at 1.3125 and even 1.3030.
Watch for selling opportunities on the rallies using the intraday time-frames 5/15 minutes for better timing for your entries.
MACD slow line did turn to the downside and it is confirm potential bigger drop on the USD/CAD.
Resistance levels are seen at the price of 1.3270 and 1.3330
Support levels and downward targets are set at the price of 1.3125 and 1.3030.
