The US Dollar has been moving with low volatility against the Canadian Dollar since Monday’s trading session. The currency pair made a 67 pips movement during the last 24 hours.
Everything being equal, it is likely that the currency exchange rate continues its upside movement within this session. The potential upside target will be near a resistance level at 1.3368.
However, bearish traders may push the USD/CAD exchange rate down towards the weekly pivot point at 1.3240 during this session.
