Yesterday the USD/CAD traded higher and closed the day in positive territory near the price of C$1.2945. Today it rose a little, rising to C$1.2985. On the hourly chart, USD/CAD is still trading above the MA (200) H1 moving average line (С$1.2935). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while the USD/CAD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
Resistances levels are at: С$1.3015-25, С$1.3075, С$1.3125
Support levels are at: С$1.2905-15, С$1.2860, С$1.2805
Probably, the main scenario is continued growth to the level of C$1.3015 (high of the American session on Jun 20).
An alternative scenario is a consolidation below the MA 200 H1 line, followed by a fall to C$1.2520 (Jun 8 low).
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