CAD Technical Analysis-usdcad-d1-alpari.png

The Bank of Canada (BoC) interest rate decision may keep USD/CAD afloat as the central bank is expected to adjust its approach in combating inflation.
The daily price is located above 200 SMA in the bullish area of the chart: price is trying to break resistance level at 1.32 to above for the bullish trend to be continuing. Alternatively, the price will be on secondary ranging waiting for direction of the strong trend to be started.