UsdCad had a major push towards the upside during New York session today. Price seems to be halting around the previous weekly highs, which allows us to identify a resistance level. I'm waiting to see if the buyers will be able to take over the level and possibly extend around 1.25000. I'm personally still bullish on USD and believe most these pairs still have some bullish steam to them.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.