USD/CAD
The USD/CAD has consolidated in the recent sessions but the trend remains bullish above the initial support at 1.0211/18 (1st retracement of the uptrend since January 2013 low and former medium term resistance line now support). In this context, the uptrend may resume with a key short term target at 1.0416/48 (retracement & June 2012 high). A break above this resistance would accentuate the bullish potential in the medium term. Buy – Stoploss @ 1.210 – Target @ 1.0447.
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