USD/CAD Temporary Retreat?
The USD/CAD pair dropped a little in the last hours after reaching 1.3641. Now, this level represents an upside obstacle. After its strong growth, it has dropped a little which is normal. The 1.3568 historical level stands as a potential downside obstacle (the upside obstacle turned into a downside obstacle).
1.3495 represents a downside obstacle as well. You knew from my previous analysis that the USD/CAD pair could register a strong upside movement if it jumps above 1.3495.
USD/CAD Trading Conclusion!
A new higher high, jumping above 1.3641 signals further growth towards the 1.3799 higher high.
