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USD/CAD reclaims 1.35

Since earlier this morning the USD/CAD has been on the rebound, from an earlier session low at 1.3449, to back above 1.35 in more recent trading. The USD/CAD closed in the US last night at 1.3454 and the high seen so far today has recently been set at 1.3511. The rebound back above 1.35 is yet to threaten a break of the previously outlined range between 1.3424 and 1.3524. That has covered the action since last Friday and it remains to be seen if another push to test the top of this will be seen today. There is the prospect of stops in place above 1.3524, but cannot be confirmed here. The US dollar has just backed off a little and currently trading at 1.3500

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