The US Dollar appreciated about 52 base points against the Canadian Dollar on Tuesday. The surge was stopped by a resistance line formed by the 50-hour simple moving average at 1.3326.
Everything being equal, it is likely that the USD/CAD exchange rate will continue to appreciate within this session. The possible upside target for the currency pair will be at the weekly pivot point at 1.3363.
Although, the US macroeconomic data releases scheduled at 18:00 GMT could change the overall positioning of the currency exchange rate during the following trading session
