The Loonie has been slightly weaker over the past two sessions along with the other commodity currencies. USD/CAD is now approaching once again the key tech resistance at 1.0820 and we also have the 100 DMA resting at 1.0835. SocGen’s tech analysts suggest a break above will signal further recovery towards 1.0949/65, the June highs and the 50% retracement of the recent correction.
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