The data came out today such as the GDP which exceeded expectation and the poor Canadian CPI pushed USDCAD spike higher through 1.035. However the breakout happened this morning certainly was supportive to the upward momentum.
Since then the market has retraced near the previous resistance and retesting 1.035. Next resistance can be seen at 1.0355:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.