USD/CAD stalls at 1.3959 again and that could be significant

Yesterday the USD/CAD had it within its power to push above the previous 2024 high set last week on November 1, at 1.3959. However, in the event it stalled right there again yesterday. The high seen was set at 1.3959 and the drop back delivered a US close at 1.3939. It has fallen back further today and just now it set a session low at 1.3870. So, the failure to climb above 1.3960 again does risk the prospect of a major double top being set in place on the daily charts at exactly 1.3959. That will confirmed, if the US dollar was so fall further and take out the prior interim low seen on Tuesday, at 1.3822. For the time being that is in the balance, but at the same time, the failure to get above 1.3960 is clearly a boost for CAD bulls, as much as it is a disappointment for CAD bears. Tomorrow at 1.30pm GMT we do have some important Canadian data- the latest monthly jobs report and that could decide which camp comes out on top. There will be more to add on that tomorrow morning. Meantime, the USD/CAD is currently trading at 1.3879