The Canadian Dollar surged against the US Dollar this week with the USD/CAD plunging more than 2%. The decline marks a break of a multi-week range and the focus possible support along the 2021 uptrend. These are the updated targets and invalidation levels that matter on the USD/CAD weekly technical chart. {chart} Technical Outlook: In our last Canadian Dollar Technical Forecast we noted that, “USD/CAD has broken out of the yearly opening-range with the advance now approaching longer-term resistance around the 2022 highs.” The level in focus was last year’s high-week close at 1.3881- the rally registered an intra-day ... (full story)