The US Dollar traded flat against the Canadian Dollar on Thursday. The currency pair traded below the weekly S1 at 1.3189 during yesterday’s trading session.
By and large, the exchange rate will likely trade bullish within the following trading session. Bulls are likely to drive the USD/CAD currency pair towards the 1.3238 zones today.
However, today’s macroeconomic data releases scheduled at 12:30 GMT could play an important role in the overall movement of the currency exchange rate during the following trading session.