The USD/CAD pair has been trading upwards since the 1st of March 2016, with the price rising from as low as 1.3386 to as high as 1.3498.
In the event that the buyers keep pushing the pair higher and the price breaks above 1.3565, profit targets could be set at 1.3621 and 1.3676 in extension.
On the flip side, in the scenario where the sellers force the pair lower, breaking below 1.3411, the price could decelerate down to 1.3385.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.