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Early worst performer versus the USD

CAD
  • CAD is the early worst performer against the USD in G10, but all things considered, it is a limited move, after the CAD gained 2.86% since Friday, in line with the $6 rally in WTI from Friday to yesterday.
  • Initial support at 1.2579 Low Aug 24, has held, printed a 1.2588 low.
  • Small resistance moves down to 1.2649, followed by 1.2666

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