Technical analytics

USD/CAD

USDCAD

The USD/CAD pair left the downward channel and rallied upwards. The pair held a bullish tone a few days until it reached the 1.2550 hurdle where the spot lost strength. The US currency retreated from its fresh high and softened to 1.2500 on Wednesday. The resistance is at 1.2550, the support stands 1.2500.

Despite the current weakness the overall picture remains the same. The US dollar is strong and could escalate up to 1.2600.

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