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CAD Sees Modest Outperformance On Local Holiday

CANADA
  • USDCAD touched session highs after e-mini S&P rolled over although CAD outperforms most other majors.
  • Touching 1.3727, it remains off yesterday’s high and well within the week’s wide range of 1.356-1.3833, forming support and resistance levels with a technical trend seen northbound.
  • Risk sentiment/US-focused today with no local data and FI closed with National Day for Truth and Reconciliation.

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