Regarding the USD/CAD pair. The pair is trading near the day's opening level of 1.3660 and below the daily Pivot level of 1.3678. The main indicators show bearish signals and the price is below the 72-period Moving Average trend line, where volume distribution usually occurs. If the price moves above the level of 1.3667, it may rise towards the levels of 1.3678 and possibly 1.3700. If it trades below the level of 1.3650, a descent towards 1.3629 and possibly 1.3600 can be expected. The pair is trading above the monthly Pivot level of 1.3523, below the weekly Pivot level of 1.3771, and below the daily Pivot level of 1.3678, indicating a corrective sentiment for the pair. Below the level of 1.3771, the pair started a correction, while above the weekly Pivot level of 1.3771, the pair will likely shift back to the upside. Towards the end of the month, the pair is being pulled towards the monthly Pivot level of 1.3523, but most likely won't reach it.
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