A Canadian Dollar counter-offensive is underway with USD/CAD off nearly 1.4% from the yearly highs registered last week. A reversal off technical uptrend resistance is now searching support with an outside-reversal candle today poised to snap a five-day losing streak. These are the updated targets and invalidation levels that matter on the USD/CAD weekly technical chart ahead of major event risk into the monthly cross. Technical Outlook: In my last Canadian Dollar Technical Forecast we noted USD/CAD was approaching a major resistance hurdle and that, “From a trading standpoint, look to reduce portions of ... (full story)