USDCAD TECHNICAL ANALYSIS SHORT TERM VIEW
USDCAD has strong support 1.3440 to 1.3554 levels and it can rise towards towards 1.3700 levels sharply because it has made irregular correction at top as shown in graph .Overall trend is positive and as long as it hold support it can rise towards1.3900 level as well.Inner calculations suggesting for intraday purpose or positional purpose 1.3385 stop loss and it can rise for 1.3590 ,1.3610 and final target 1.3640 .
QUICK FUNDAMENTAL LOOK
The Canadian dollar strengthened against its U.S. counterpart on Monday, adding to its recovery from a five-month low, as an increase in risk appetite weighed on the safe-haven U.S. dollar.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.