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USDCAD: Choppy Range Persists Sub-Parity

By , Currency Strategist
19 August 2011 03:16 GMT

Strategy: Pending Long

USDCAD continues to consolidate below the parity level, with positioning in the middle of the range arguing against entering a trade at the moment. Our fundamental bias favors the long side and we will continue to monitor positioning for an attractive long entry into what is expected to be a substantial long-term advance.

USDCAD_Choppy_Range_Persists_Sub-Parity_body_Picture_5.png, USDCAD: Choppy Range Persists Sub-Parity

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19 August 2011 03:16 GMT