The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair consolidated below the 1.3550 level during yesterday’s trading session.
Technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, bearish traders could pressure the exchange rate lower during the following trading session.
However, Friday’s US Non-Farm Payroll data releases scheduled at 12:30 GMT could determine the movement of the currency exchange rate.
