[B]Resistance:[/B] 1.0450
[B]Support:[/B] 1.0342
The USDCAD has seen some sharp movement in its price action in the past 24 hours. Yesterday, the USDCAD took a steep fall, leaving the Canadian dollar at all-new multi-decade highs. Today, the US dollar rebound, causing a sharp pullback in the pair. Before moving higher, the USDCAD must overcome the 38.2 percent Fibonacci level of 1.0610 - 1.0340.
