USD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength.
We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week...
A Dovish FED Seeking to Cut Rates.
A Channel up identified with price gaining bullish steam after FED signals a rate cut with a dovish outlook towards the Dollar. USDCAD gains a fundamental push backing price swings toward hard weekly resistance of 1.35200.
From a technical viewpoint, USDCAD sees verified support at 1.30450. Currently in a range bound zone...
