Since August 27, the US Dollar has appreciated by 0.70% in value against the Canadian Dollar. The currency pair lost about 36 basis points during the first part of Thursday’s trading session.
Everything being equal, the USD/CAD exchange rate will continue to edge lower during the following trading session. Bears might aim for the monthly R1 at the 1.3264 regions today.
If the monthly R1 holds, the currency exchange rate will most likely continue its upside momentum within the following trading session.
