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USD/CAD tops 1.40 for the first time since December

Earlier today we noted how the USD/CAD was finally making a more pronounced push above 1.3950 and that has led the US dollar to its best levels since December last year, as it reached 1.3981. Prior to that we had advocated the 1.40 handle as being a near term target. 

Well, the USD/CAD has now topped the 1.40 handle for the first time since December 2. Back then the USD/CAD peaked that day at 1.4015. It has just now risen to 1.4012. It is currently trading at 1.4006
 

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