USD/CAD has been trading upwards. The price tested the level of $1.3272. Anyway, according to the H1 time – frame, I have found that price rejected from the important resistance level at 1.3265. I also found potential end of the upward correction and finished bearish flag pattern, which is a sign that buying USD/CAD at this stage looks risky. The key intraday support is set at 1.3230.
Trading recommendation: We are bearish intraday from 1.3258 and protective stop at 1.3275. We are targeting levels at 1.3230 and 1.3200.
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