USD/CAD climbs above 1.28

Technical Analysis

Author: Adam Button | usdcad

USD/CAD gets a double boost from oil and BOC

USD/CAD continues to recover from Friday's jobs-fueled rout.

The pair has risen above 1.2800 and the 61.8% retracement of last week's tumble. That's a positive signal looking ahead as the pair reestablishes the 1.2650 to 1.2900 range.