FX.co ★ USD/CAD

Currently, the USD/CAD currency pair continues to move within a sideways channel, indicating a lack of control from both sellers and buyers. After an attempt to hold above the 1.39460 level, a pullback has started. I expect the price to range between 1.38900 and 1.39300 in the near future. At the moment, the 1.38950 level serves as the closest support, and if the price manages to break below this level, it could signal a potential move towards 1.38800, although a retracement is also possible. It is important to note that the price is currently above this point, and the preferred direction is not yet clear.