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USDCAD Nears Support At 50-day EMA

CANADA
  • USDCAD has another step lower to new session lows of 1.3602, as part of a broader USD move lower with CAD underperforming other high beta majors as per earlier in the session.
  • Already through support at 1.3631 (Mar 23 low), it nears the 50-day EMA at 1.3598 after which lies 1.3515 (Feb 22 low).

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