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USD/CAD rejects a break below 1.3658 at the first time of asking

Earlier today I noted a pretty important level on the USD/CAD, at 1.3658. A potential break down there was noted as possibly opening a path to an even more important price point, at 1.3629. Well, the USD/CAD did test that 1.3658 level. In fact,  it has nailed it almost to the pip, but it has held at the first time of asking, as the dollar more generally starts to fight back following those economic releases. It remains to be seen if the US dollar will challenge this level again as the afternoon further unfolds. The USD/CAD is just now rebounding further, currently trading at 1.3690 
 

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