The US Dollar surged by 102 basis points or 0.77% in value against the Canadian Dollar on Wednesday. The 200– hour simple moving average has continued to provide support for the currency pair.
All things being equal, the exchange rate will most likely continue to surge during the following trading session. The USD/CAD pair could target a swing high at 1.3452 in the shorter term.
However, the currency exchange rate might make a slight downside movement within this session.
