The USDCAD technical pattern remains bullish as long as we are trading above the 1.2663 pivot level. A daily break and close below this figure will shift the momentum to the downside and open the door for a retest of support level 1.2550 and then the big psychological level 1.2500. On the upside the big round number 1.3000 is the big resistance level and any rally above should quickly fade away.
The stochastic
. In terms of risk events the Canadian economic calendar will bring BOC Governor Poloz speech scheduled on Tuesday. He is going to speck at the Montreal Council of Foreign Relations and the speech will be followed by a press conference as well.
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