USD/CAD trades around 1.2850

Source: Dukascopy Bank SA


Since the start of Tuesday's trading, the USD/CAD currency exchange rate has been trading around the 1.2850 mark. Namely, the pair has been fluctuating in the 1.2830/1.2890 range.

An end to the sideways trading with a surge above 1.2890 might encounter resistance in the weekly R1 simple pivot point at 1.2896 and the 1.2900 mark. Higher above, note the weekly R2 simple pivot point and the 1.3000 level.

On the other hand, a decline of the USD/CAD pair below 1.2830 could look for support in the 1.2800 mark and the Monday's low level at 1.2767.
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