USD/CAD remains stuck in a consolidation pattern – RBC CM

USD/CAD remains stuck in a consolidation pattern as the markets pause to reflect on the sharp moves seen since the US elections, notes Adam Cole, Research Analyst at RBC Capital Markets.

Key Quotes

 “Initial resistance is located at 1.3536 for today, with a close below support at 1.3426 required to indicate that a more meaningful corrective phase is about to get underway.”