Technical analytics

USD/CAD

USDCAD

The US dollar was trying to recover on Thursday after its fresh sell-off.  Sellers took a breather after meeting a barrier at 1.2450. USD/CAD turned around at the level and started a recovery heading towards the 1.25 hurdle. The resistance is at 1.2500, the support stands 1.2450.

The spot may extend its recovery if the price overcomes the 1.25 resistance. Should this happen the pair will move away from the level and may recover up to 1.2550.

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