Technical analysis:
USD/CAD has been trading sideways at the price of 1.3880 and I see potential for the breakout mode.
Due to the the defined upside trend on the short-term perspective and potential bull flag pattern in creation, I see potential for the further upside continuation in case of the breakout of 1.3900.
Upside objective is set at the price of 1.3970
Alternative scenario : In case of the breakdown of the support at 1.3800 and hold below, there is the chance for the drop towards 1.3670
RSI oscillator is showing positive reading and upside condition.
