Forex Trading: USDCAD Tests 38.2% Retracement

The USDCAD is back up testing resistance against the 38.2% retracement of the days range at the 1.0109 level. Watching the level to provide some resistance. The higher dollar has led to the short covering rally of f the trendline lows. Additonal resistance comes in at 1.0118 and 1.0124.

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