The US Dollar appreciated about 77 base points against the Canadian Dollar on Tuesday. The surge was stopped by a resistance level formed by the weekly pivot point at 1.3484.
Technical indicators demonstrate the USD/CAD currency exchange rate will edge higher during the following trading session. The potential upside target will be near the weekly R1 at 1.3516.
However, trade tension between the United States and Chine could drive investors and traders to take shelter in safe-haven assets during the following days.
