Anna 
The USD/CAD pair continues its winning streak for the second consecutive session on Tuesday, with the US Dollar (USD) maintaining stability. This resilience in the USD is likely linked to risk aversion ahead of crucial economic data releases from the United States (US). The USD/CAD pair has edged higher, approaching the 1.3590 level during the Asian trading hours.
Technical analysis of the 14-day Relative Strength Index (RSI) signals bullish momentum, positioning itself above 50. This suggests a favorable scenario for the USD/CAD pair to potentially surpass the psychological resistance at 1.3600, following the major barrier at 1.3650.
Additionally, the Moving Average Convergence Divergence (MACD), a lagging indicator, supports the interpretation of a bullish trend for the USD/CAD pair. This is evident from the MACD line residing above the centerline and the signal line.
In terms of downside potential, the USD/CAD pair could find key support around the nine-day Exponential Moving Average (EMA) at 1.3552, aligning with the significant support level at 1.3550. A breach below this zone might lead the pair to explore further support around the 23.6% Fibonacci retracement level at 1.3505, coupled with the psychological level of 1.3500.
