FXstreet.com (Barcelona) - The USD/CAD has risen more than 50 pips the last hour in a new attempt to break the 1.2550 resistance. The pair has been trading in a range between 1.2525 / 1.2460 in the European session.
Currently, the pair is trading at the 1.2515/25 band. If the pair breaks the 1.2525 resistance, it could go up to 1.2590 resistance, whatever, before it should cross the 1.2555 line.
On the downside, if the pair fails again, it could fall to the 1.2460 again, and then go to the 1.2410 and 1.2350, minimum since February 13th