USD/CAD has moved up through the low/mid 1.28 area. Economists at Scotiabank believe that the pair could reach the 1.20/30 region.
Support seen at 1.2800/1.2790
“Technically, additional gains look more than likely from here and although the situation can change quickly, it might not change quickly enough to stop USD/CAD from pushing on to the 1.29/1.30 zone.”
“Support is 1.2790/00 now.”