The US Dollar traded bellow the monthly R1 at 1.3230 against the Canadian Dollar on Thursday. The currency pair made a 60-pips movement during yesterday’s trading session.
Everything being equal, it is likely that the exchange rate will continue its upside movement today. The pair could aim for the weekly R1 at 1.3266 within the following trading session.
On the contrary, the monthly R1 at 1.3230 could provide resistance for the currency exchange rate today.
