FXstreet.com (Barcelona) - The American dollar shows no signs of letting up on its 7-day-long rally versus its Canadian cousin with the USD/CAD up slightly on the day.

The USD/CAD had set a European-session high at 1.0678, near yesterday's 5-week high of 1.0691, only to slip back to 1.0608 before the opening of the American market. Since then, the pair has ticked upwards to hit an early American high at 1.0655.

TJ Marta, of Marta on the Markets, places resistance levels at 1.0692 (Jan. 26 high) followed by 1.0749 (Nov. 27 high), 1.0870 (Nov. 2 high), 1.0959 (Oct. high), 1.0993 (Sept. high), and then 1.1000 as the psychological last line of defense, while support lies at 1.0225 (Jan. 14 low), 1.0207 (Oct. low) and 1.0000 as a psychological barrier.

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