USD/CAD Could Rally If It Clears 1.2150


Today’s Key Highlights:

USD/CAD is showing positive signs above the main 1.2060 support zone.

It broke a key bearish trend line with resistance near 1.2100 on the 4-hours chart.

EUR/USD and GBP/USD are struggling to climb above 1.2200 and 1.4200 respectively.

The US CPI could increase 4.7% in May 2021 (YoY), up from 4.2%.


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