Last week, USD/CAD rose 3.4% to Friday's high of 1.2949. Back in mid-July, USD/CAD completed a cup and handle formation with an implied target of 1.2956. Rabobank's initial target back then stood at 1.2670, and after trading through that level, the pair returned to a period of consolidation before last week's bullish breakout. The Dutch bank has rolled forward its USD/CAD forecast so the one-month projection is now at 1.27 and the three-month projection is at 1.28. See – USD/CAD: Delta and elections to wallop the loonie in the near-term – BMO 'In terms of short-term price action, the 1.

https://www.fxstreet.com/news/usd-cad-to-explode-higher-above-the-128-level-rabobank-202108240623

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