USD/CAD: Short-Term Move Higher Challenging Key Resistance

After reversing from its highs achieved last week, the USD/CAD has found what appears to be durable short-term support and moved upwards this morning.

The USD/CAD is trading near the 1.30045 vicinity of this writing.  After falling through the 1.30000 mark on the 8th of July, in early trading this Monday the USD/CAD currency pair has been able to muster upwards bullish behavior and is again threatening key resistance levels which if toppled could spark additional speculative action to the upside.

Michael Cooper

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