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USD/CAD At Swing High Resistance

To end the week, we take a quick look at a 4 hourly level in the Loonie.

We haven’t featured USD/CAD on the blog for a while, so lets take a look at this major level on the 4 hourly that jumps out at us and put the pair in play.

USD/CAD 4 Hourly:

As you can see, the Loonie has shot back up to test resistance at swing highs from a month ago. Just look at how hard and fast price rejected out of the level that last time!

Is something similar on the cards again this time around?

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