Technical analysis: USD/CAD has tested resistance at the 1.3640 area
The strong US employment data has sent the USD/CAD to test an important resistance area above 1.3620, which so far remains intact, as positive Canadian PMI data has eased bullish pressure on the pair.=
The overall picture shows the US Dollar trading back and forth within an ascending channel with price action capped below trendline resistance at 1.3640. Above here, the next targets are 2.3710 and 1.3770. The channel’s measured target is 1.3845. Support levels are 1.3560 and 1.3485
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