The pair has confirmed a possible long term reversal with a bounce on top of the key 0,97 level but it is still facing the strong parity resistance.
We continue to encourage a bullish prospect on the USD/CAD over the long term but we need to see a break above parity to confirm this strategy.
We might see some choppy price actions as long as this resistance is not broken with market participants hesitating to come back long on the pair.
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