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USD/CAD rises above 1.4400 for the first time since 2020
The surging dollar has now delivered gains for the US currency against all of its G10 counterparts. The USD/CHF has now punched its way above a resistance level, at 0.8979 and it is right now eyeing the 0.90 handle. The EUR/USD is falling ever closer to the 1.0335 low set on November 22. The GBP/USD is right now testing the 1.26 handle and the USD/CAD has jumped above the 1.44 handle for the first time since Q1, 2020. The high seen back that year was set at 1.4668 on March 19, 2020. That could be the next major level of note from here on until the end of the year. It is not on the radar immediately though, but certainly the next big level on your radar in due course. Looking at the chart between that point and now, there is nothing else to note. The USD/CAD just traded to a high at 1.4424. It is currently at 1.4408
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