The USD/CAD pair moves sideways between 1.3194 and 1.3076 in the short term. After its strong growth, a minor drop was expected. The current sideways movement could represent an upside continuation pattern.
The price tries to attract more buyers before resuming its uptrend. The USD/CAD pair could climb towards new highs as long as it stays above the uptrend line.
USD/CAD Trading Conclusion!Staying above the uptrend line and passing above 1.3194 may confirm an upside continuation and could help the traders to place new buying positions.