During the first half of today’s trading session, the US Dollar versus the Canadian Dollar broke a resistance level formed by the weekly pivot point at 1.3484. The Greenback continued to appreciating in an ascending channel pattern.
Most likely, the USD/CAD currency pair will surge towards a swing high of 1.3516 within this session. furthermore, technical indicators flash bullish signals on both the smaller and the larger time-frame charts.
However, Thursday’s macroeconomic date releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate.
