On Tuesday, the US Dollar declined by 72 pips or 0.57% against the Canadian Dollar. The USD/CAD currency pair tested the 1.2581 level during yesterday’s trading session.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the USS/CAD exchange rate could edge higher during the following trading session.
However, bullish traders might encounter a resistance cluster at 1.2655 within Tuesday’s session.
