By CountingPips.com
USDCAD: The US dollar rose against the Canadian dollar for the third straight week and trades at its highest level since 2011. The USD/CAD currently trades above the 1.0500 level which will likely provide key buying support for this currency pair this week. Overhead resistance looks to come in around the 1.0650 area as this level has provided resistance numerous times over the past few years. If prices can advance past the 1.0656 level it will mark the highest level since 2010.
Written by Zac Storella, CountingPips Forex Blog & Currency Pair Technical Analysis
