USD/CAD - USD/CAD: Aiming Higher! 1.3200! - 10/20/2016 (GMT)

Technically, we remain bullish on USD/CAD for short to medium term. As you can see on the chart below, the pair failed to break, or close, below the key support level at 1.3000. On top of this, additional support was found from both the 100-SMA and the 200-SMA on the weekly chart. Moreover, it should be noted that the long-term ascending trend line, which dates back in April 2016 continues to provide a significant support to the price action.