USD/CAD is trading in the range

Yesterday, the USD/CAD traded all day within the range of $1.3030-50, without showing significant changes for the day. Today, the Canadian currency is also trading in a narrow range, remaining near yesterday's lows. Thus, USD/CAD has been trading for the sixth day in a row without a specific direction in the range. On the hourly chart, the pair still remains above the resistance line of the moving average MA (200) Н1 (С$1.3035), however, since yesterday, USD/CAD is testing this level. At the same time, on a four-hour chart, USD/CAD is trading below MA (200) H4 (C$1.3170).

• Resistances levels are at: C$1.3075, C$1.3105, C$1.3120

• Support levels are at: C$1.3015-30, C$1.2975, C$1.2955

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