The USD/CAD continued its growth yesterday.

NOTE USD//CAD IS EXPECTED TO GO BULLISH AS WE HAVE PREDICTED.

Yesterday the USD/CAD traded higher and closed the day in the positive territory near the price of C$1.4350. Today it has also grown, rising to C$1.3270. On the hourly chart, USD/CAD is testing resistance – the moving average line MA (200) H1 (С$1.3190). On the four-hour chart, it is still below the MA 200 H4 line. Based on the above, it is probably worth sticking to the south direction in trading, and while the USD/CAD remains below MA 200 H4, it may be necessary to look for entry points to sell at the end of the correction.

• Resistances levels are at: С$1.3275, С$1.3340-55, С$1.3380-90
• Support levels are at: С$1.3205-10, С$1.3175, С$1.3115