Yesterday the USD/CAD traded in different directions in the range of С$1.3135-00 and closed the day without significant changes. Today it was trading in a narrow range of C$1.3170-00, staying close to yesterday's closing price. On the hourly chart, USD/CAD is still trading above the MA line (200) H1 (C$1.3155). On the four-hour chart, it remains below the MA 200 H4 line. Based on the above, it is probably worth sticking to the northern direction in trading, and while the USD/CAD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances are at the levels: С$1.3205, С$1.3255, С$1.3295
Support are at the levels: C$1.3120, C$1.3090, C$1.3045
Probably, the main scenario - is continued growth to C$1.3205 (Sep 11 high). An alternative scenario - may be consolidation below MA (200) H1, followed by a decline to C$1.3045 (Sep 4 low).
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