The loonie has recently remained under pressure against the greenback after the release of US, Canadian employment data, driving prices above the 1.270 handle. Although a positive NFP report and negative Canadian employment data limited USD/CAD losses, allowing bulls to regain confidence over the trend.Although fundamental factors continue to drive risk sentiment, additional catalysts for price action include commodity prices and the upcoming inflation data. After two consecutive weeks of gains, USD/CAD bulls ran into a wall of resistance at 1.2806, the 76.4.% Fibonacci retracement level of the October – December ... (full story)