The US Dollar has surged by 82 pips or 0.62% against the Canadian Dollar since yesterday’s trading session. The currency pair breached a strong resistance line at the 1.3200 level.
The USD/CAD exchange rate is expected to make a pullback towards a support cluster formed by the 50– and 100– hour simple moving averages at 1.3181 within this session.
However, a support line at 1.3200 could provide support for the currency exchange rate in the shorter term.
