USD/CAD extends its losses for the second successive day, trading around 1.3510 during Tuesday’s European hours.
The USD/CAD pair could potentially resume its upward movement as a falling wedge pattern suggests a bullish reversal signal. A break below the psychological 1.3500 level could lead the pair to test the lower boundary of the falling wedge. The immediate barrier appears at the nine-day EMA at 1.3557 level, aligned with the upper boundary of the falling wedge.
A breach above the falling wedge would weaken the bearish bias and lead the pair to the USD/CAD pair to test the throwback support turns into a pullback resistance level of 1.3590, followed by the psychological level of 1.3600. USD/CAD: Daily Chart Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar against listed major currencies today. Canadian Dollar was the weakest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD -0.23% -0.11% 0.61% -0.23% 0.
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