We finally saw the pair confirming a possible long term reversal with a resumption of the uptrend at the end of last week.
However, there is still the major parity barrier to get through and only a break above this level would validate the reversal structure and warranty a continuation to the upside.
We continue to encourage a bullish prospect on the USD/CAD and we see a potential towards the 1,07 area over the coming weeks.
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