Attention to the USD/CAD at the 1.1000 level.

As we can wee on the 4 hour chart below of the USD/CAD, courtesy of the Forex Broker Activtrades http://www.activtrades.co.uk/, The United States Dollar has strengthen versus the Canadian Dollar and has reached its most recent high of the 1.0983. Actually, the US Dollar has been rallying today due to the fact that the fundamental data out of the US has come out in line or better than expected. If the USD/CAD continues rallying during the next week, we may see a visit to the 1.1000 level, which is an important round number and psychological zone from where the pair may bounce to the downside. However, if the pair breaks this level and continues going higher, then it may reach the 200 period Exponential Moving Average from where a retracement is more feasible.