USDCAD moves toward key 1.2916-268 area

The USDCAAD is trading to new session highs and in doing so is moving closer to the October, November and December highs at 1.2908-16 to area. The 50% of the move down from the May 2017 high came in at 1.29268. That area is a key resistance target. The high has reached 1.28943 so far. We are still a little ways from the area, but the key target is within sight for the buyers and sellers.