{video}USDCAD had been in a steady advance since July, posting a fresh 13-month peak of 1.3898 on November 2. Since then, the pair has experienced two rounds of weakness, but both attempted declines got curbed by the ascending 50-day simple moving average (SMA). Given that the momentum indicators are tilted to the upside, the bulls could initially attack the October resistance of 1.3784. A violation of that zone could trigger an advance towards the March peak of 1.3860. Failing to halt there, the price could revisit its 2023 peak of 1.3898, which is also a 13-month high. On the flipside, should the price reverse ... (full story)