USD/CAD Having rallied steadily since 2017 H2, USD/CAD has misplaced momentum over the previous 12 months. Decrease highs have been in place since
USD/CAD
Having rallied steadily since 2017 H2, USD/CAD has misplaced momentum over the previous 12 months.
Decrease highs have been in place since December final yr, and whereas the pair has held above C$1.30, one other take a look at of this degree appears doubtless. Beneath this, C$1.28 and C$1.26 come into sight, whereas a extra bullish view on this timeframe requires a transfer above C$1.334, a zone of resistance that has held since July, together with trendline resistance from the December 2018 excessive.