The USDCAD is trading higher and setting new session highs, bringing the pair back into a key swing area between 1.4010 and 1.40268.
Within that zone sits the 38.2% retracement of the move down from the early February high, coming in at 1.40212. Last week, the price briefly pushed above this area on two separate four-hour bars but failed to sustain momentum on either attempt.
The question now is whether the third time will be the charm
USDCAD technicals: The USDCAD is trading at highs for day & testing topside resistance