USD/CAD Approaches Key Resistance, Dollar Gains Momentum

Today's Key Highlights: USD/CAD recovered nicely above the 1.2450 and 1.2500 resistance levels. A crucial bearish trend line is forming ...


Today's Key Highlights:

USD/CAD recovered nicely above the 1.2450 and 1.2500 resistance levels.

A crucial bearish trend line is forming with resistance near 1.2600 on the 4-hours chart.

EUR/USD and GBP/USD remain in a bearish zone below 1.1950 and 1.3900 respectively.

The US Manufacturing PMI is likely to remain strong near 59.4 in March 2021 (Preliminary).

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