Regarding the USD/CAD pair. The pair is trading near the day's opening level of 1.3735 and above the daily Pivot level of 1.3706. The main indicators show a bullish sentiment and the price is above the MA72 trend line, where volume relief usually occurs. If the price goes above the level of 1.3761, it may rise towards the levels of 1.3780 and possibly 1.3800. If it trades below the level of 1.3735, a descent towards the level of 1.3706 and possibly 1.3698 can be expected. The pair is trading above the monthly Pivot level of 1.3698 (1.3523), above the weekly Pivot level of 1.3691, and above the daily Pivot level of 1.3706, indicating a bullish sentiment for the pair. Below the level of 1.3735, the pair will undergo a correction, while above the daily Pivot level of 1.3706, the pair has shifted back to a bullish direction.
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