USDCAD has gone up the rope with the other dollar pairs but is held up by the tech
1.2374 is the reported high so far and the 50.0 fib of the March drop from 1.2834 is at 1.2376 on my charts. That's close enough in my book
USDCAD H4 chart
Above here the 1.2395 area is next resistance followed by 1.2425/30 and 1.2440/45. The 61.8 fib sits at 1.2484 ahead of old S&R at 1.2500/05
USDCAD is going to be an interesting pair to watch over the US rate situation as they could still pip the US to hikes, particularly if inflation picks up, or at the very least, will not be far behind
