The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair made about 31 base points movement during yesterday’s trading session.
The exchange rate reversed from the bottom line of an ascending trendline during the morning hours of Tuesday’s trading session and gradually edging up.
Most likely, the currency exchange rate could aim for a swing high at 1.3200 during the following trading session.
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However, technical indicators suggest that the USD/CAD pair might continue to trade with low volatility today.
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