USD/CAD, 'Victoria Day' has helped the USD to recover!?
US dollar recovered strongly today vs Canadian dollar and holiday in Canada maybe helped!? You can see that the pair has reached resistance from May 07./08./11. at 1.2150/65 today with gain of 150 pips for now. Can the pair brake that and continue pushing toward 1.2350/400? Above this resistance, there is another at 1.2180/200, the resistance from May 01./04. and higher at 1.2185/205, just before the strong resistance at 1.2350/400, previous support from February. Interesting holi’day’ today, the week could be interesting here.