USD/CAD is retesting the previous 0.9870-0.9930 range after a failed break toward 0.9950. There is talk of stubborn selling in the pair and heavy sell orders above 0.9950.
It may be a bit premature but if USD/CAD falls back below 0.9925, the downside should resume. The Canadian dollar is also a good place to be if Bernanke emphasizes new strength in the recovery.
