Bullish momentum has pressured the US Dollar higher against the Canadian Dollar since yesterday’s trading session. The currency pair has appreciated by 0.99% in value since Wednesday’s session.
The exchange rate will most likely continue to trade bullish within the following trading session. Bullish traders could aim for the upper line of an ascending channel pattern at 1.3192.
However, the USD/CAD currency exchange rate could make a slight downside movement towards the support level at 1.3106 today.
