FX.co ★ USD/CAD

For the USD/CAD pair, a decent increase was shown today, but it failed to rise above the resistance level of 1.3721, where my average trading range midline is located on the daily scale according to Envelopes. As long as the price remains below the level of 1.3721, we are in the envelope selling zone, with a priority for further price decline, especially since the south target has not been reached yet. I expect the USD/CAD pair to drop from the current level of 1.3669 to the support at 1.3582, which will be the maximum deviation from the 55-day moving average, while the flat mode around it is still maintained.