FX.co ★ USD/CAD

Everything is stable for us on the USDCAD pair, as we continue to trade within the same range, and once again we are growing, trading above 1.37, and currently pushing upwards. There is room to move further, as we still have a level around 1.3750, and we can talk about a local upward movement in general. On the other hand, I wouldn't say that the downward movement is broken yet. However, it is important how we will trade on the American news, as we have the Bank of Canada meeting, followed by the Fed, so there should be volatility. Nevertheless, I still believe that we will go above 1.3750, but if we fail to hold above that level, I will consider selling.