UDS/CAD rallied above the 10- & 21-DMAs with help from US Q1 ECI data

ECI data fueled concerns inflation is running hot again, sank riskier assets

Commodities LCOc1XAU=HGv1 fell sharply as did stocks ESv1

US yields US10YT=RR rallied to drive broad based US$ gains

USD/CAD rally helped to increase bullish technical signals

Daily RSI turned upward and a 6-session high was struck

Rally stalled near the down trend line off the April 16 daily high

Break of that line would complete a bullish flag continuation pattern

Completion of pattern suggests USD/CAD could break November's monthly high

Rally above that high brings the 1.39755 (D3) 2022 yearly high into focus

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