The dollar/CAD faced strong resistance near 1.4800 last month, and has recently carved the highest level in 1.4550, a Société générale’s fx analyst.
Less than 1.4240, USD/CAD can be located about 1.4150 and 1.4030
“The daily MACD is within a positive area, but it decreased below the trigger line that highlights the upscale momentum. The short -term decline is formed. The low achieved earlier this month at 1.4240 is the first layer of support.
