USDCAD bull trend resumption
· A more bullish shift with a break back above the Friday spike high at 1.1333 to switch the focus to the upside.
· A move close to the October cycle high at 1.1386 leaves risk up through here into midweek.
· Above 1.1386 aims for a Fibo extension target at 1.1435 and another at 1.1495, just ahead of psychological 1.1500.
· We see firm support on a dip to 1.1266/62 and a better foundation at 1.1183.
WHAT CHANGES THIS?
· Below 1.1266/62 eases bull risks; through 1.1183 signals a neutral tone, only shifting negative below 1.1145.
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4 Hour USDCAD Chart
Weekly USDCAD Chart