The pair fell with almost 140 pips today from its daily
high, surpassed the 1.3155 support area and is suggesting a slowdown of the
bullish trend. Should the pair break the next support at 1.3110 then doors are
opened for testing 1.3065.
USD/CAD pushed above its daily range in
the last houra and marked a fresh daily high at 1.3178 on the back of a
broad-based USD strength. Bulls are eyeing 1.3200 where strong
resistance is awaiting.