Overview:
The resistance of USD/CAD sets at the level of 1.0300, therefore, the bears are going to sell below 1.0303, because there is a double top on the price 1.0313. So it should also be noted that the resistance sets at the level of 1.0300, thus swing trade at the area of 1.0310 in order to sell with the target of 1.0210, it might resume to 1.0150. Additionally, the trend will call for a bearish market at the level of 1.03, there is a bearish channel. It might be informing that the stop loss should never exceed your maximum exposure amounts. Hence, set a stop loss above 1.0365. However, the USD/CAD pair has still been trapped between 1.0310 (50% of Fibonacci retracement levels) and 1.0153 (23.6% of Fibonacci retracement levels). At the same time, the support sets at the level of 1.0150, then the bulls are going to buy above 1.0150 with the first target of 1.0200, it might resume to 1.0260.
Notes:
Volatility: 175.90, therefore the market indicates the higher volatility. (Volatility Formulas Variation = Average * (Higher - Lower).
In the long term, if the market calls for bearish then the price will form double bottom at the level of 1.0136.