The US Dollar traded flat against the Canadian Dollar on Tuesday. The USD/CAD currency pair was trading below the weekly R2 at 1.3156 during yesterday’s trading session.
Everything being equal, it is likely that the exchange rate will continue its upward movement today. Bullish traders could aim for a resistance level formed by the weekly R3 at 1.3202 today.
However, the weekly R2 at 1.3156 could provide resistance for the currency exchange rate during the following trading session.
