The Canadian Dollar is poised for a fourth consecutive weekly decline with the USD/CAD rally nearly erasing the yearly losses. The focus now shifts to possible exhaustion / price inflection as the advance approaches key resistance around the objective 2023 yearly open. These are the updated targets and invalidation levels that matter on the USD/CAD short-term technical charts. Technical Outlook: In last month’s Canadian Dollar Short-term Outlook we highlighted a critical support zone at 1.3076-1.3110- a region defined by the 100% extension of the October decline and the May 22’ swing high. USD/CAD briefly registered ... (full story)