At the end of last week, the pair was finally showing some ability to confirm a bullish outlook bounce but once again the parity level has offered some strong resistance over the last session.
We will remain very cautious and wait for a break and close above parity in order to validate a long term reversal structure.
We continue though to encourage a bullish prospect on the USD/CAD but we will stay on the sidelines until a breakout is confirmed.
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