Canadian Dollar Range Tightens
Prepared by Jamie Saettele
No change for the USDCAD as the range has tightened – “The USDCAD has spent enough time above its former resistance line to qualify as a legitimate break. Near term, the rally is constructive although formation of a secondary low has proven elusive. A move above 9863 is needed in order to inspire confidence in the upside. Until then, downside potential remains.”
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