The USD/CAD chart is currently displaying a neutral momentum and the price could potentially fluctuate between the 1st support and the 1st resistance.
Resistance Levels:
The 1st resistance at 1.3397 is categorized as a "Pullback Resistance", indicating its potential to deter upward price movements. Additionally, the 2nd resistance at 1.3490 is also categorized as a "Pullback Resistance", emphasizing its role as a substantial barrier to further advances.
Support Levels:
On the support side, the 1st support at 1.3318 is recognized as a "Pullback Support". This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 1.3260 is also characterized by an "Overlap Support", reinforcing its significance as a substantial support zone.
