The USD/CAD pair has been trending upwards since the 19th of November 2015. The downward movement began from as low as 1.3246 to as high as 1.3371.
In the event that the buyers gain momentum and manage to push the price to break above, the pair could rise up to 1.3447.
Conversely, in the scenario where the sellers keep exerting strong downward pressures and the price breaks below 1.3321, the pair could decelerate down to 1.3308 and 1.3246 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.