The US Dollar traded with low volatility against the Canadian Dollar on Wednesday. The currency pair made about 53 points or 0.40 during Wednesday’s trading sessions.
All things being equal, the USD/CAD exchange rate could make a brief retracement towards the 1.3350 level during the following trading session.
However, the currency exchange rate needs to break the resistance cluster at 1.3278 and the 50- hour simple moving average at 1.3301 before making an upside move.
