- USD/CAD has traded steadily higher after finding support at a key trendline in the 1.2425 area
- Our near-term trend bias is higher in USD/CAD while above 1.2475
- A close above 1.2780 is needed to confirm that a new leg higher is underway in Funds
- A very minor turn window is eyed Thursday
- A close under 1.2475 would turn us negative on USD/CAD
USD/CAD Strategy: Square
| Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
|---|---|---|---|---|---|
| USD/CAD | 1.2475 | 1.2645 | 1.2730 | 1.2780 | 1.2830 |
