$USDCAD: Sparks Upward with a Strong Push Through Resistance Forex Trading USD Canada
Enter your emailThe USD/CAD is trading near its higher levels last demonstrated in the middle of July as uncertainty has created nervous behavioral sentiment in Forex.
Uncertainty regarding the length of time the U.S Fed will maintain its hawkish interest rate policy is causing mayhem in Forex. The USD/CAD began its move upwards after the publication of the U.S Federal Reserve’s Meeting Minutes which had no clear answers for traders. Resistance levels should be monitored carefully within the USD/CAD, the 1.30000 mark will serve as a strong indication for behavioral sentiment.The 1.30000 juncture in the USD/CAD saw trading above this ratio in early May, mid-June and the first two weeks of July.