USD boosting around high versus CAD
3/14/2017 10:56:05 AM
The dollar is now taking additional step against its Canadian dollar on Tuesday, raising USD/CAD to the area of fresh daily highs in the 1.3455 band.
After two successive sessions with losses, the pair appears to have recovered the smile today, gathering some traction and extending the rebound Friday’s lows in the 1.3423 area.
As of writing the pair is up 0.011% at 1.3452 and a break above 1.3537 would goal for 1.3603 and ultimately 1.3858. On the other hand, the immediate support aligns at 1.3420 followed 1.3397 and then 1.3372.
FOREX market analysis by FxErvin.