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Forex pairs in this Article » USD/CAD (Barcelona) - The stronger dollar is pushing the cross to fresh highs in the boundaries of 1.0080 on Friday, buoyed by positive data in the US and markets a tad biased towards risk aversion.

The research team at TD Securities assessed that "Solid short-term support has provided the platform for a squeeze higher in the market so far today. For the moment, the broader, short-term range remains intact but the strength of the rally so far today suggests that the recent highs at 1.0090/00 should be tested in the next day or so". The experts added that the area around 0.9990/00 became a relevant support.

At the moment, the cross is advancing 0.63% at 1.0073 facing the next resistance at 1.0087 (Upper Bollinger) ahead of 1.0088 (high Feb.12) and then 1.0101 (2013 high Jan.25/28).
On the flipside, a breakdown of 1.0002 (MA10d) would aim form 0.9995 (MA21d) and then 0.9992 (MA200d).
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