USD/CAD surged higher on Tuesday, reversing through two resistance levels as U.S. Treasury yields surged. The dollar gained against most major currencies. The exchange rate broke through key resistance after falling through support on Friday in the wake of the softer than expected U.S. jobs report. The Bank of Canada is scheduled to meet on Wednesday and is expected to leave rates unchanged. Technical Analysis: On Tuesday, the USD/CAD rallied sharply, pushing through former resistance now support near the 10-day moving average at 1.2593. Additional support is seen near the 50-day moving average at 1.2559. Short-term ... (full story)