The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair movement was about 20 base points.
The exchange rate breached the weekly pivot point at 1.3261 during the European trading session on Tuesday. If the currency exchange rate passes the weekly PP as mentioned above, the next target will be at the 1.3300 region.
On the other hand, if the weekly pivot point resistance level holds, a breakout through the lower boundary of an ascending channel pattern could be expected within this session.
