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USDCAD OUTLOOK !!!

highlighting a key spot of support at the 1.3250 psychological level that was holding the lows in the pair. That led to strength as price pushed back above the 1.3350 level; and after a pullback with a print at a higher-low, bulls pushed up to another high.

This keeps the door open for bullish trends in USD/CAD. There’s a large area of resistance sitting overhead at the 1.3470-1.3525 area. This was support in October and early-November, so the next push up to resistance in that area could be looked to for pullback potential, after which higher-low support potential comes back into the equation.

 

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