FX.co ★ USD/CAD

Hello traders. USDCAD has been rising throughout the second half of the week starting from Wednesday when relevant news came out. However, Friday turned out to be quite controversial, with no significant movements. It is particularly noteworthy that the pair did not move higher, which suggests a lack of desire for growth in the foreseeable future. Despite the price still being north of the Maschka, a downside breakout could occur at any moment, especially with the new week starting as if on cue for a bearish trend, considering the year's beginning. I do not harbor illusions about a strong collapse either, as there seems to be no catalyst for it, especially given the lack of news for the entire week. Unless Trump stirs something up again, which is also a possibility. Overall, the current rise hasn't impressed me much, and I am still unsure whether it's an unfinished zigzag movement or a northern correction after a decline. However, I believe testing 1.3575 should not be too difficult.