In general, trading the pair with the Canadian dollar is not that simple for me. However, it is important to note that fundamentally nothing has changed for today, as the local downtrend continues, retesting the lows again. Although we are currently seeing some growth or pullback. Moreover, oil prices are also rising, which should support the Canadian currency. On the other hand, after positive data on the indices, the dollar received significant support, leading to the observed increase. Nevertheless, it is crucial to see how the day will close. Personally, nothing has changed for me, as I still anticipate a downward movement. I will be looking for selling opportunities on any rallies, so if we manage to climb back above 1.3750, I will consider selling there.
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