USDCAD seeing some buying into the week's close

Technical Analysis

Author: Greg Michalowski | usdcad

Trades to the highest level since the rate hike on Wednesday

It is late, but the USDCAD is seeing some late Friday buying.  The price has just moved above the 1.2500 level for the first times since the "dovish" rate hike on Wednesday.  The low today stalled near recent swing lows going back to January 9th.