Moves toward the key topside target
The USDCAD has been goosed higher on the back of weaker data.
The next targets come in at the high for the month/high since March at 1.3306. The 38.2% of the move down from the Jan high comes in at 1.33116. A topside trend line cuts across at 1.3333. Looking at the 4-hour chart, the 1.3361 (and rising) would be a target off of that chart. A break above that line and it is more open road ahead. The 50% comes in at 1.3574.
