During the last 24 hours, the US Dollar has gained about 116 base points against the Canadian Dollar. The currency pair reached near a six-week high during Wednesday’s trading session.
By and large, it is likely that the USD/CAD currency pair will continue its upside movement within this session. The potential upside target will be near the weekly R2 at 1.3486.
Although, the currency exchange rate could reverse from the current price level at 1.3457 and aim for a support cluster at 1.3387 during the following trading session.
