USD/CAD rebounded firmly from a test of the 1.3250 zone after breaking minor trend support – which should figure as initial intraday resistance at least now – at 1.3285.
Short-term trend momentum is flat, suggesting range trading may extend a little in the very short run. But last Friday’s surge in the CAD remains the salient feature of the daily chart and tilts broader USD/CAD risks to the downside and a retest of the 1.3150/1.32 area at least.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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