The bottom-up momentum in the U.S. / Canada, a few weak

Upward movement dollar / Canada after leap above the trend with a few highs this year has stalled and that the pair failed to demonstrate a strong break above Fibonacci resistance at C $ 1.1650. Currently, the dollar / Canada is traded around C $ 1.1647, while attempting to meet the strong growth continues to repel some C $ 1.1680, and dealers noted that the increasing interest in buying the Canadian currency may be linked to the rumor that China's sovereign fund will buy shares mining company Teck Resources in the amount of C $ 1.5 billion, while some are bound to demand loonie transaction Addax Petroleum to purchase the Chinese company Sinopec (the amount of the transaction was C $ 8.3 billion, the money will be paid about C $ 4-5 billion). Dealers fear that the lack of progress in an upward movement in the near future could lead bulls podsokratit accumulated long positions that could support the dollar correction in the direction of C $ 1.1450. Meanwhile, the ability to break above C $ 1.1680/00 would signal the possibility of continuing the growth of C $ 1.1750 / C $ 1.18, and then to C $ 1.1920.