In the last three sessions USD/CAD has failed to break through resistance. There is horizontal resistance @ 1.2473 and the 61.8% Fibonacci retracement of the 3.18 high @ 1.2833 and the 5.14 low @ 1.1918 coming in at 1.2486. The Japanese candlestick patterns of the last three sessions also suggest a possible reversal with a spinning top and two shooting stars. Until we see confirmation however we are standing aside.
