The US Dollar has been trading between the range of 1.3818/1.3734 against the Canadian Dollar since Wednesday’s trading sessions.
Currently, the exchange rate is testing the upper line of a falling wedge pattern at 1.3787.
A breakout could occur within this session. If this breakout occurs, a surge towards the 1.3850 level could be expected today.
However, if the falling wedge pattern holds, bearish traders would continue to dominate the USD/CAD currency exchange rate during the following trading session.
