USD/CAD Trade is Quiet after Stab at August High
Chart Prepared by Jamie Saettele, CMT
-USD/CAD is relatively unchanged since NFP (Canada’s jobs data was also released that day). Trade since then has seen slow drifts in both directions with the recent run higher stalling near the August high (1.3352). The dominant trend is still up but a break under 1.3200 is needed in order to suggest even short term downside potential towards 1.2950.
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