USD/CAD jumps back above mid-1.2800s, closer to weekly tops
The 1.2890-1.2900 region might continue to act as an immediate resistance, above which the pair is likely to head towards challenging the 1.2945-50 supply zone before eventually darting towards the key 1.30 psychological mark.
On the flip side, 50-DMA, currently near the 1.2830 region, now seems to protect the immediate downside, which if broken might turn the pair vulnerable to break below the 1.2800 handle and head towards retesting the 1.2750-40 support.
By - Fx Street
