Resistance: 1.0600
Support: 1.0500
The USDCAD made a sharp upwards movement penetrating the 1.0600 resistance level. After the lingering above the resistance for a couple hours, the pair dropped below 1.0600. 1.0600 has served as a strong resistance over the last couple of days, but with today?s penetration, the pair may be able to once again break through and make its way up to 1.0700.
