The USDCAD spikes higher and races back lower - ConsultFX

The USDCAD spikes higher and races back lower

Correction over... The USDCAD spiked up toward the swing high from March on the daily chart at 1.3124. The high reached 1.31197. The price backed off and has moved back toward the 1.3160-66 area. Those levels were swing highs and lows in June and July (see red circles on the daily chart below).  Get below is