FX.co ★ USD/CAD

Hello traders, The USD/CAD price continued to rise and during the past trading week managed to reach the sloping resistance around 1.3960. We are waiting for the start of a new trading week. A northward gap is not ruled out. I am ready to consider selling the pair from the round level of 1.4000. I expect to see a correction at least to the level of 1.3920 afterwards. However, if a reversal is formed in the upcoming week, a significant price drop towards the support at 1.3750 is not excluded. I am only willing to consider buying the pair there. I anticipate significant volatility at the beginning of the upcoming week after the holidays.