Canadian Dollar Continues to Rising

The Canadian dollar was able to achieve the second target to be touched at 1.3130, to hit a high of 1.3170 during early trading for the session.

Technically, the pair was able to surpass 1.3065 resistance and consolidate above, which turned into a support level, in addition to the positive stimulus coming from the 50-day moving average.

From here, the bullish bias will be likely targeting 1.3200 as a first target, taking into account that breaking 1.3200 is a catalyst that increases the chances of a rally towards 1.3245.

The return of trading again below 1.3080 and most importantly 1.3065, the pair push towards a bearish run with an initial target of 1.3015.

S1: 1.3080	R1: 1.3200
S2: 1.3015	R2: 1.3245
S3: 1.2970	R3: 1.3315