The primary trend of USDCAD
is sideways on charts. In its 4 hourly chart, the pair is not sustaining at lower levels and bouncing back to show further upside movement. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend
in the pair.
Resistance at the level of 1.3200. If it breaks its resistance level
at upside and sustains above it then we can expect it to show further upside movement.
is looking bullish
on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.