FX.co ★ USD/CAD

In principle, the situation with the USDCAD pair remains stable, as today it also tried to grow, although not very confidently so far. I consider this entire rise to be just a pullback, as there is still a significant short initiative that has not been worked out. Although I don't see any clear immediate targets below for myself. However, as long as oil prices are rising, it will support the Canadian dollar. On the other hand, a lot still depends on the demand for the dollar and how we will trade against the Americans, especially since we have the PMI today. Overall, I still look to the south, so if we climb above 1.3825 again, I will sell there.