BUT, the pair is struggling at hourly resistance around the $1.0275 level. With risk currencies on the nose a little after the weaker US March durable goods data USD/CAD remains supported.
USD/CAD needs to close back below the initial support at $1.0247 with stops expected below the $1.0240 level to put topside hopes of spikes above the gently rising 21 day upper Bollinger band on hold for the moment. Daily slow stochastics are approaching overbought territory and failure to close near the $1.0295 level today is likely to see a correction begin which may weigh on the pair.
USD/CAD was last at $1.0268 amid a $1.0254-73 range so far today.
