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USD/CAD trying to break out above resistance at 1.0567

FXstreet.com (Barcelona) – The USD/CAD looks to technicians to have a very bullish future. The question is whether the cross will blow through the 1.0567 resistance on the first try or if it will pull back / consolidate first?

USD/CAD traders to key off US data Monday

There is no Canadian data due out Monday so traders will have to rely on the technicals and US data including the US Pending Home sales and the Dallas Fed Manufacturing Index data which will be released during the US session.

Technical outlook for USD/CAD

Technicians say to key off of 1.0567 resistance for <a target=_self …read more