USDCAD TRADE IDEA

USDCAD is approaching a very strong level from which there have already been five rebounds. The price is testing the upper Bollinger Band, but there is an imbalance at the top.

A break above the 1.3710 resistance level will open the way to 1.3775;

A pullback will drop USDCAD to 1.3660 and further to 1.3640.