The USD/CAD rallied and climbed much above the 1.2557 Monday’s high, but failed to stay there. Price retreated as the USDX has slipped lower after the impressive rally. However, the perspective is bullish on the short term after the retest of the upper median line (uml) of the minor descending pitchfork and after the failure to close on the median line (ml) of the blue ascending pitchfork.
The next upside target will be at the ML of the major red descending pitchfork and at the 1.2678 static resistance.
