Anna 
The USD/CAD pair experienced a brief halt in its two-day winning streak, influenced by the recent surge in crude oil prices. Nevertheless, positive economic data from the United States provided support, preventing a more significant decline.
During the European trading session on Friday, USD/CAD dipped to approximately 1.3660, with initial support at 1.3650, followed by the 23.6% Fibonacci retracement level at 1.3616.
A clear break below this level could potentially drive USD/CAD closer to the psychological threshold of 1.3600 and in proximity to the 22-day exponential moving average (EMA) at 1.3599.
On the flip side, the major resistance is likely to be encountered at the weekly high of 1.3700, followed by the psychological level at 1.3750, which aligns with the monthly high of 1.3785.
Market Indicator Analysis:
The Moving Average Convergence Divergence (MACD) line currently resides above both the midline and the signal line, indicating a potential bullish sentiment in the market.
Moreover, USD/CAD continues to maintain its broader bullish momentum, reflecting the prevailing bullish bias. This is evident in the fact that the 14-day relative strength index (RSI) remains above the 50 level, suggesting a sustained bullish outlook.
