Stepping higher...
The USDCAD has reached the topside trend line at the 1.3272 level currently. As noted in a prior post, the pair has been moving higher, correcting 50%, moving higher, correcting 50%. We are at the end of a "moving higher"...move. There should be sellers with stops above.
Just to be boring and redundant, if the market is to indeed correct, look for buyers against the 50% retracement at the 1.3194 level.
