Fri, 01 Feb 2013 17:31:23 GMT
USD/CAD was repelled by 0.9961/54
Even though the pair could have declined down to the rising trend-line at 0.9923/12, a cluster of supports at 0.9961/54 proved to be enough to reverse the pullback and send the price upwards, a scenario that was suggested by the technical studies on a daily chart.