USD/CAD: 1.3188/1.3219 region on the topside next level – RBC CM

Elsa Lignos, Senior Currency Strategist at RBC CM, notes that the USD/CAD has posted three consecutive daily gains as crude oil prices remain under pressure.

Key Quotes

“The resulting bullish triangle breakout above 1.3092 opens up the 1.3188/1.3219 region on the topside next, with support at 1.2945 and 1.2836 expected to attract buying interest.”