USDCAD Short Term Correction, Support 1.3175

USDCAD trade may still appreciate but stochastic and RSI which leads down oversold signal a potential slowdown in the short term. While under 1.3300 resistance area, the loonie could potentially approach the 1.3175 support area. The penetration of this area has the potential to bring the price to the next support at 1.3110. Key support is located at 1.3050 area.

Meanwhile if price able to consistently rise above the psychological level of 1.3300 will potentially open up opportunities for further strengthening aiming resistance area 1.3355 or even to 1.3410 key resistance area