Since November 2020, the pair has been trading below the 1.305 resistance.
The time is ripe for testing its strength.
Recent attempts to overcome the mentioned level haven’t been successful.
If today’s session ends below 1.305, USDCAD is likely to decline to 1.285, otherwise it could rise to 1.323.
This content is for informational purposes only and is not intended to be investing advice.
