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Look to test Friday's low

DOLLAR-CANADA

USDCAD is eyeing a test at Fridays's low 1.3047.

  • This is a decent area, and best we have seen since January.
  • A clear break through the latter opens MNI tech supports 1.3032, 1.3000, 1.2976 Low Jan 8, BUT more importantly 1.2952 (31/12 low).
  • The latter would be the best level we would have seen since 17/10/18

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