USD/CAD Price Analysis: Bears target a move to test 1.3570 USDCAD Technical Analysis
USD/CAD is on track to post a weekly gain as the recent rise in US bond yields helped underpin the greenback. However, a correction is taking place as the following will illustrate.A 50% mean reversion comes in near prior resistance near 1.3570.above, we can see that the price is capped in resistance and is making lower highs as the rally decelerates. The market is breaking down on the backside of the prior bullish rally with 1.3570 eyed.
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