The Canadian Dollar is poised for a second weekly decline with the USD/CAD rebound now testing a critical pivot zone into the monthly open. Major event risk is on tap into the close of the week and the battle lines are drawn heading into July trade. These are the updated targets and invalidation levels that matter on the USD/CAD short-term technical charts. {chart} Technical Outlook: In last month’s Canadian Dollar Short-term Outlook we noted that, “USD/CAD is once again testing a critical support zone near the yearly range-lows,” at 1.3279-1.3315- a region defined by the November low-day close and the 2023 yearly ... (full story)