The Canadian dollar was the best performer last week but the worst-performer the time around, with AUD close behind.
EUR/CAD gained 1.8% on the week (264 pips) after starting the week with four days of strong gains. The weekly chart is fascinating.
It looks like a potential three-candle morning star reversal but might just be a retest of the break below the 2010 low. A close above 1.2435/50 today would be bullish but patient players may wait for a rise above 1.2500/70 to initiate longs.
