FX.co ★ USD/CAD

USD/CAD The USD/CAD currency pair is attempting a correction. However, the corrective growth is currently progressing very slowly and hesitantly. The pair opened today around the daily pivot level of 1.3753 and immediately moved upwards. At the moment, the pair has not fully worked out the main daily buying range, despite the very narrow intraday range today. The key resistance level of 1.3804 has not been tested yet. Nevertheless, the corrective growth may continue towards the nearest strong zone of 1.3840/1.3865. It is advisable to be cautious with buying positions. In my opinion, it would be much safer to consider opening short positions from the aforementioned resistance zone, if we manage to reach that level.