The US Dollar traded sideways against the Canadian Dollar on Friday. The currency pair traded the weekly pivot point at 1.3010 during Friday’s trading session.
Everything being equal, the USD/CAD exchange rate will most likely continue to trade below the weekly PP during the following trading session.
Technical indicators flash sell signals on the daily time-frame. Therefore, the currency exchange rate might edge lower today.
However, bulls could drive the price slightly higher during the following trading session.
