The euro is fundamentally weak
USD/CAD paused after a breakout
Information is not investment advice
This week USD/CAD has broken above the recent trading range. The long-term uptrend remains in place, although bullish momentum isn’t very strong. The pair formed a small shooting star candlestick on D1. It means that it can revisit lower levels before returning to resistance at 1.35. The key support is located at 1.3435 (61.8% Fibo retracement of the December-February decline).