Can the previous week's High stop the bullish Move on USDCAD ?
Good day, traders. I'll remain somewhat neutral towards USDCAD .We'll be keeping an eye on how the price responds to the previous week's high at 1.35699, and a resistance-to-support switch would present us with a nice chance to purchase up to the 1.3800 area or the third touch of the key trendline. If the resistance keeps the price from rising, we'll be watching for negative momentum to sell to the 1.30724 support zone and watching for bullish momentum to purchase back up.
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