The USDCAD had been fluctuating during Thursday trying to set the support level to rise again. There is a chance that the price may reach 1.35 level. Now the support levels are set at 1.3230 and 1.3130 and resistance at 1.3330 and 1.3400.
Traders will observe a choppy chart for USDCAD today so it is recommended for day traders to give themselves a rest and wait for a better trend movement. Buyers can open their positions when the corrective move is done. Still waiting for a breakdown in this bearish channel is expected.