The Canadian Dollar has been on defense since the start of the year with USD/CAD rallying more than 1.8% off the December lows. A rebound off multi-year trend support is now approaching multi-month downtrend resistance and the focus is on a possible price inflection just higher. These are the updated targets and invalidation levels that matter on the USD/CAD weekly technical chart. Technical Outlook: In last month’s Canadian Dollar Technical Forecast we noted that USD/CAD had broken below a multi-month uptrend with key support eyed at, “a major slope confluence at 1.3218/65- a region defined by the yearly low-week ... (full story)