FXstreet.com (Barcelona) - The Dollar has rallies against its Canadian counterpart and the pair is climbing towards 1.2975 (Mar 3 high) the last resistance below log time resistance level at 1.3020 ( Oct 27 high,) after CMHC released a well worse than expected Housing starts level in February

From intra-day low at 1.2813, the dollar has rallied more than 150 pips reachinf to 1.2960 so far well on its way to test 1.2975. If the Pair gets to break 1.3020 resistance level, the Dollar wold set a fresh 5 year high.