Price Alert: USD/CAD Extends into Key ResistanceU.S. Dollar / Canadian DollarFOREXCOM:USDCADFOREXcomThe USD/CAD advance exhausted into the median-line of an ascending pitchfork extending off the July low and the immediate focus is on a reaction off this mark. The resistance zone in focus is at the 2022 high / 200-day moving average / 2020 March weekly reversal close at 1.3978/90. A topside breach / close above this threshold is needed to fuel the next major leg of the June advance at 1.4019 and the 1.41-handle. Initial support rests at 1.3881/99 with near-term bullish invalidation now raised to the 61.38% retracement of the September rally / September 11 outside reversal close at 1.3826/32. Bottom line: USD/CAD is testing major resistance here and the immediate advance may be vulnerable while below this threshold near-term. From a trading standpoint, losses should be limited to the lower parallel / 1.3826 IF price is heading for a breakout on this stretch with a breach / close above the 200-day moving average needed to mark uptrend resumption. Keep in mind that NFPs will be delayed amid the U.S. government shutdown but we do get key Canada employment data next week. Stay nimble into the October open and watch the weekly closes here for guidance. -MB