During Wednesday’s trading session, the US Dollar surged by 57 pips or 0.43% in value against the Canadian Dollar. The currency pair breached the weekly support level at 1.3250 on Wednesday.
All things being equal, the USD/CAD exchange rate could continue to decline within this session. The potential target for bearish traders would be at the psychological level at the 1.3200 area.
On the contrary, the currency exchange rate could make an upside reversal from the weekly S1 at 1.3250 during the following trading session
