The USD/CAD pair declined on Wednesday hitting as low as 1.2869 after oil prices remained near six-week highs and investors remained cautious ahead of minutes of the Federal Reserve's July policy meeting. The currency pa…
The USD/CAD pair declined on Wednesday hitting as low as 1.2869 after oil prices remained near six-week highs and investors remained cautious ahead of minutes of the Federal Reserve's July policy meeting.
The currency pair is trading at 1.2896 levels, it is expected to reach 1.2800 levels and 1.2750 levels in the short term.
The immediate support can be seen at 1.2844, break below this level will expose the pair to next support level at 1.2769.
Major resistance can be seen at 1.2981, break above this level will expose it towards 1.3082 levels.
