The USDCAD moved above the 200 hour MA last Friday and after a test, bounced against the MA level. That MA is now close support. Stay above is more bullish.
The highs from September and early October loom above between 1.3807 to 1.3836. Above that and the 1.38548 will be the next target before moving into the 2020 extreme levels.
This article was originally published by Forexlive.com. Read the original article here.