USD/CAD - Approaches a Region of Strong Support
USD/CAD failed to hold over the 1.0101 low, reaching 1.0066 so far. We remain strongly bullish expecting a great deal of demand close to current levels, particularly near 1.0050.
A push back under the 0.9800 level is required to neutralise our medium-term bullish bias.
This pair is not expected to spend too much time below the 200 day moving average.