USD/CAD keeps a potential for growth

The USD/CAD pair maintains an upward trend against the Canadian dollar due to the decline in oil prices after a restrained movement on the correction of the US dollar on Monday.

Deals for buy of the USD/CAD pair hould be considered on the resumption of an uptrend in the range of 1.3180-90.

This indicates a resumption of growth and the ability to test resistance levels: 1.3220 and 1.3250. Support is located at the levels: 1.3160 ​​and 1.3140, fixing the pair below which casts doubt on the resumption of the uptrend.

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Hanzenko Anton

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