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FXstreet.com (Barcelona) - The US Dollar has continued rallying against the Canadian Dollar, and according to the ActionForex Technical Team the bias remains on the Upside: "USD/CAD's rise from 1.1464 extends further to as high as 1.2418 before turning sideway. At this point, intraday bias remains on the upside as long as 1.2150 minor support holds."
From noow on, the ActionForex Team advances the following possibilities: "Further rise is expected to retest this 1.3015 high. On the downside, below 1.2150 will turn intraday outlook neutral first. Though, another rally is still in favor as long as pull back is contained above 1.1658 support."
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