Upward risks dominated the USD / CAD pair on Monday. As a result, the US dollar rose 95 points or 0.73% against the Canadian dollar during yesterday’s trading session.
Bullish traders are likely to continue to push the price higher during the subsequent trade. The potential target for bulls will be at the level of 1.3280.
However, the weekly resistance line of 1.3248 could provide resistance to the exchange rate during the subsequent trade.