The USD/CAD bull pressure has lead the pair to levels just below parity in the NA session, having traded up to 0.9999 in recent moments and is last quoted around 0.9995, recording a 0.5% gain this Wednesday.

“The psychological mark is important but the better level to watch is 1.0050, which was the February double top,” comments Adam Button, editor at ForexLive. “Last week's high of 1.0035 also bears watching. I see downside in this pair and note that the 55-day moving average fell below the 200-dma (at 1.0007) on Friday.”