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USDCAD Easily Clears Bull Trigger On Powell

CANADA
  • USDCAD touches a high of 1.3726, making light work of initial clearance of the bull trigger of 1.3705 (Dec 16 high) having tested 1.3665 in the lead up to the release of Powell’s text.
  • If sustained, it could open 1.3795 (2.0% 10-dma envelope).


USDCADSource: Bloomberg

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