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USDCAD unwinds some of the March/April fall

USD
  • USDCAD unwinds some the of short term 9th March/5th April fall, now just above the 50% retracement, that was 1.2653.
  • In terms of technical, resistance is seen further out to 1.2699 High Mar 17.
  • Also recall, that there is 1.43bn worth of option expiry at 1.2650.

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