USD/CAD, 1.3000 reached!
Exactly as I have predicted in my USD/CAD analysis from April 29., the US dollar stoped the fall near 1.2400 and retuned the price up from that level. My headline in that article was, ‘it looks like there is no end, but there is’ and you can see the result in the last 10 days. The buyers broke first resistance at 1.2750/800 easy and they manage to reach 1.3015 yesterday. This level is important for the US dollar buyers and it will be interesting to see can they manage to retain the strenght or they will search the next opportunity from the lower level support at 1.2750/800!?
Forex Trader 