The USDCAD market posture is negative. The slide back through last Monday’s reversal leaves trade positioned to continue attacking under 1.2629. A close under 1.2629 projects to 1.2572. Any near term rebounds will find resistance at 1.2726. A close over 1.2770 is needed to recapture bottoming / bullish trade action.
Last Updated Date: 1 June 2022 @ 9:28 AM (UTC)
*Please note that all the dates are in GMT time zone
