Technical analytics

USD/CAD

USDCAD

The USD/CAD pair was unable to move below 1.2600 and retreated almost immediately after the level test. Buyers led the price to the level 1.2650 first and then extended their gains towards 1.2700.The resistance is at 1.2700, the support stands 1.2650.

The currency pair may gain some bullish traction and strengthen up to 1.2700 in the coming days

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