The US dollar continued to creep higher against its Canadian counterpart in early Asian deals Thursday, rising as much as 0.9911 before holding steady around 3:30 am ET. This set a 2-day high for the pair and almost 15-pips higher-than yesterday's closing quote of 0.9896.
Technically, the greenback-loonie pair had re-tested and staged a rebound from its key demand zone at 0.9840/60 that hit on Tuesday. Besides, a double-bottom reversal formed in the daily chart, which is pointing to further bull run and is targeting the neck-line resistance around the 0.9940/50 area.
by RTT Staff Writer
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