USD/CAD touches a high of 1.3309 on the day
There isn't much of a catalyst to have sparked the move that I can see, but the run here appears more technical than anything else. After clearing the 61.8 retracement level @ 1.3132 - an area which stalled the March highs, it's been clear sailing so far for buyers.
And now buyers are looking to hold a break above the 1.3300 handle, which will be a good platform to build on for a move towards the June 2017 high of 1.3348 followed by the 76.4 retracement level @ 1.3384.
The dollar is also gaining across the board, so that is helping to push the pair higher as well.
