The US Dollar was trading within the range of 1.3345/1.3296 against the Canadian Dollar during Thursday’s trading session.
It is important to note that today’s macroeconomic data releases, namely, the US Non-Farm Payroll, Trade Balance, and the US Fed’s Chairman speech could increase volatility in the market.
From a technical point of view, the USD/CAD exchange rate could fall within this session.
However, technical indicators demonstrate that the currency exchange rate could continue its upside momentum during the following trading session.
