The USD/CAD currency pair has continued to trade sideways movement for the fifth consecutive trading session. However, the US Dollar slightly increased its trading range against the Canadian Dollar on Thursday.
It is likely that the Greenback will gain strength against the Loonie during the following trading session.
Nevertheless, it is expected that the currency exchange rate edges lower towards the 1.3250 mark today.
The combination of the 50-, 100-, and 200-hour SMAs at 1.3262 might provide support for the pair within this session.
