The USDCAD has damaged above the swing highs from February at 1.3663, and extra just lately above the swing highs from December as much as 1.37025. The worth at the moment buying and selling 1.3723. The excessive worth attain 1.37305. The break to the upside has taken the value to the very best degree since early November. The excessive worth in November 2022 continues to be 80 or so pips increased of 1.3806, however is the subsequent upside goal.
Consumers are making a play. The damaged 61.8% retracement at 136.896 as much as the swing highs from December at 137.025 is now the shut danger defining degree. Keep above is extra bullish.