USD/CAD Analysis: traded sideways


The US Dollar traded sideways against the Canadian Dollar on Friday. The currency pair traded the weekly pivot point at 1.3010 during Friday’s trading session.

Everything being equal, the USD/CAD exchange rate will most likely continue to trade below the weekly PP during the following trading session.

Technical indicators flash sell signals on the daily time-frame. Therefore, the currency exchange rate might edge lower today.

However, bulls could drive the price slightly higher during the following trading session.

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