The USD/CAD chart is currently exhibiting a bullish overall momentum, indicating that the price may potentially continue to rise towards the 1st resistance level.
The 1st resistance level is at 1.36498, which is an overlap resistance, and may provide potential resistance for the price if it were to rise.
If the price were to break above the 1st resistance level, the next potential resistance level is at 1.37529. This level is also an overlap resistance and coincides with the 78.60% Fibonacci retracement, making it a strong level for potential resistance.
On the other hand, if the price were to drop, the 1st support level is at 1.35548. This level is an overlap support and coincides with the 23.60% Fibonacci retracement, may provide potential support for the price if it were to drop.
The next potential support level is at 1.34239, which is also a swing-low support and may provide additional support for the price if it were to drop further.
