USD/CAD - USD/CAD Rose More Than 1.2% Since Last Week - 12/21/2016 (GMT)
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USD/CAD Chart
The USD/CAD pair is not as strong and would be probably one of the first to recover. The pair is still moving in an ascending move and surged more than 1.2% since the previous week following the strong bounce off the 1.3080 support barrier. During yesterday’s trading period, the U.S. dollar failed to retest the 1.3450 resistance level against the Canadian dollar and now is moving slightly lower. Probably, the pair will manage to challenge the rising trend line which overlaps with the 200-SMA on the daily chart. Technical indicators are both endorsing the bearish attitude on price.
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