Chart Of The Day: USD/CAD

 | Oct 01, 2020 05:55PM ET

The neckline of the inverted head-and-shoulder pattern of USD/CAD is at the 1.3250 level. In addition, the trend line (ascending) from the August lows comes in near the same level, which may offer a good risk/reward for those looking for a move back to the 200-day moving average in the coming weeks. RSI is back to mid-range, which may allow for the buyers to come back in near these levels.