The Dollar gained across the board today, shedding 50-100 pips from most of its major counterparts. The biggest loser appears to be the Loonie, which lost almost cent and a half in thin holiday trading (it's Victoria Day in Canada).
It has broken above the top of declining four-week consolidation just below 1.21 and traded up to Previous Week High and Daily Resistance 3 at 1.2150. If this is real breakout, price should not go lower than the 1.2050 - 1.2100 band on the pullback. We shall see soon…
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