US Dollar rises across the board on higher yields. USD/CAD remains bullish, looking at 1.2650. The USD/CAD broke above 1.2625 and climbed to 1.2646, reaching the highest level since March 10. The pair then pulled back modestly, and is it hovering around 1.2630, about to post the second daily gain in a row. The deterioration in market sentiment and the US dollar’s ongoing strength pushed USD/CAD further to the upside. US yields are moving higher. The 10-year yield hit earlier at 1.77%, a fresh one-year high. The Dow Jones is falling 0.12% and the Nasdaq 0.35%. Economic data in the US came in better-than-expected. The CB Consumer Confidence Index jumped to 109.7 in March against expectations of 96.9. The key report of the week will be on Friday with April’s Non-farm payrolls. Short-term outlook The bullish outlook in USD/CAD remains intact. Price found resistance at the 55-day simple moving average and the 1.2650 area. A break above would point to further gain in the short-term. The next barrier is seen at 1.2685. The 20-day moving average stands at 1.2562 and is offering support to the bullish bias. A daily close clearly below would alleviate the pressure on the loonie, suggesting a possible test of 1.2500. For the USD/CAD to correct lower, market conditions should favor a decline in US bond yields and that risk appetite continues to prevail among investors. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD now sees key resistance at the former $1,700 support FX Street 2 years US Dollar rises across the board on higher yields. USD/CAD remains bullish, looking at 1.2650. The USD/CAD broke above 1.2625 and climbed to 1.2646, reaching the highest level since March 10. The pair then pulled back modestly, and is it hovering around 1.2630, about to post the second daily gain in a row. The deterioration in market sentiment and the US dollar's ongoing strength pushed USD/CAD further to the upside. US yields are moving higher. The 10-year yield hit earlier at 1.77%, a fresh one-year high. The Dow Jones is falling 0.12% and the Nasdaq 0.35%. Economic data in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.