Long term bigger picture of strong dollar
Canadian Dollar Is Losing Ground Against U.S. Dollar
USD/CAD is currently trying to settle above the resistance at 1.2710 while U.S. dollar is moving higher against a broad basket of currencies.
The U.S. Dollar Index managed to settle above the 97 level and is testing the resistance at 97.25. A successful test of this level will open the way to the test of the resistance at 97.45 which will be bullish for USD/CAD.
Canadian Dollar Is Losing Ground Against U.S. Dollar
USD/CAD is currently trying to settle above the resistance at 1.2710 while U.S. dollar is moving higher against a broad basket of currencies.
The U.S. Dollar Index managed to settle above the 97 level and is testing the resistance at 97.25. A successful test of this level will open the way to the test of the resistance at 97.45 which will be bullish for USD/CAD.