Currently, the USD/CAD pair exhibits a slight bearish momentum, hinting at a possible continuation of this trend towards the 1st support at 1.3208. This key level is an overlap support reinforced by a 78.60% Fibonacci projection. The 2nd support, at 1.3131, is another overlap support strengthened by a 141.40% Fibonacci extension. On the upside, resistances lie at 1.3269 (an overlap resistance) and 1.3300 (a pullback resistance), where the pair could encounter barriers to further ascent.
