Canadian dollar has been one of the more active currencies in this low volatility week. A disconnect with the oil trade continues as both markets went the opposite ways. The currency fell despite mostly better than expected economic data over the last couple of weeks.
1.3455 - 1.35 is the initial resistance. A move above would target 1.3535 (March high) and then 1.3575 - 1.36 (50.0% retracement of 2016 downswing, December high). 1.3380 - 1.3410 should offer some support on any pullback.
1.3455 - 1.35 is the initial resistance. A move above would target 1.3535 (March high) and then 1.3575 - 1.36 (50.0% retracement of 2016 downswing, December high). 1.3380 - 1.3410 should offer some support on any pullback.