USD/CAD Hovers Near Range Highs
Chart Prepared by Jamie Saettele, CMT
-There is no change to recent USD/CAD comments. “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. 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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