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USD/CAD - Strong Support Anticipated in Current Region

USD/CAD has finally fallen to test the region in which we now seek a higher low, after breaking under the 1.0066/63 platform and clearing out weak longs.

This region remains one which offers a good trade location, in line with our expectation of further USD strength.

A push back under the 0.9800 level is required to neutralise our medium-term bullish bias.

Daily Technical Report

 

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