USD/CAD is our Trend for the Day
As financial markets continue to fall around the world, the Mighty Dollar continues to be a safe haven for investors. USD/CAD is the beneficiary of this dollar bullishness. A break from a pennant consolidation and psychological resistance area of 1.2400 opens up the 1.3012 October 28th high. Failure to take this level out could take us as low as 1.1500.