RBC: bullish on USD/CAD
Analysts at Royal Bank of Canada believe that USD/CAD will test the highest level since May 2010 and may even reach the maximal point since 2009.
RBC points out that as the pair breached the key resistance at 1.0737. So, if USD/CAD closes above 1.0852 (2010 high) will open the way to 1.0991, September 2009 maximum. According to RBC, pullbacks to 1.0679 might attract medium-term buying interest.
Chart. Daily USD/CAD