USDCAD: Prices Treading Water at Parity
Positioning is little changed from what we identified last week: USDCAD broke through the bottom of a descending Triangle chart pattern at 1.0072, with prices now testing support in the 0.9907-0.9964 region. An actionable entry signal is absent at present and we will stand aside something more compelling presents itself.
Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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