FXstreet.com (Barcelona) - The USD/CAD has risen around 0.76%, from 1.2402 today's opening price to test 1.2500 level again after rebounding from 1.2535. Today, USD/CAD has continued its Friday uptrend and it has risen around 1.50 pips from 1.2389, in the early Asian session, to reach the 1.2537, highest since March 19.
Last Friday, USD/CAD rose 0.98% from its 1.2301 opening price, reaching 1.2445 as highest and 1.2266 as lowest, to close at 1.2421. Today's trading session, the pair has risen around 0.60% to be traded just above 1.2500. Currently, the pair is trading around the 1.2510/20.
According to the Mataf.net analyst team, USD/CAD uptrend should continue: USD CAD broke 1,2355 resistance. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,2600 resistance (126 pips)