USD/CAD
The pair bounced strongly near the weekly support of 1.2820 and printed a low around 1.2850.
Moreover, prices rallied and succeeded to break above 1.3010 hourly resistance confirming a bullish reversal in the short-term. Meanwhile, a big resistance stands at 1.3080 level and the pair should trade sideways to slightly higher in the next hours until we see a clear break above 1.3080.
Looking at the daily chart, 1.3295 continue to act as a bearish pivot and only a break above it will confirm a strong bullish reversal. Otherwise, the upside potential will remain limited. In the other side, 1.2967-1.2955 represents the support zone for today.
Support: 1.2967-1.2955-1.2850
Resistance: 1.3050-1.3080-1.3295
PLEASE WAIT FOR MARKET CLOSE BEFORE CONDUCTING YOUR NEW TRADES AND WAIT FOR NEXT WEEK SUMMARY
