There are some signals confirming USD strength. On the daily chart occured something like divergence. Besides major trend is downside (besides fundamentally CAD is commodity currency which is usually driven by oil), I think there will be small rally. Now rate reached 38 fib and if it is not reversal point then I think It will go to EMA which is at 50 fib. this point is supposed to be clear resistance. Also here occured "hammer" or more like "morning star" but it has already done its job as rate went up.
USDCAD.bmp 730 KB | 2,007 downloads
kiss the trend