USD/CAD surges back up again as greenback appreciates
USD/CAD, which spent the last couple of weeks in retreat and dropped to C$1.357, has resumed its ascent on higher-than-expected US CPI data with the cross retesting its C$1.3694 September peak. Around it the currency pair is stalling, though.
A slip towards minor support at the C$1.364 August high may ensue with further minor support seen around Wednesday’s C$1.3624 high.
A rise above this week’s high at C$1.37 would put the current October high at C$1.3785 back on the cards.
