At the moment, 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 below the 1.3805 level, a pullback began. I expect that in the near future, the price of the currency pair will move in the range of 1.3820 to 1.3840. Currently, the 1.3820 level is the closest resistance. If the price manages to cross this level, it could be one of the first signals that a move towards 1.3870 is likely, although a pullback could also occur. It is important to note that the price is currently below this point, and the preferred direction has not been determined yet.
