USD to CAD Daily Chart |
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As with several of the other major pairs the dollar to cad was a beneficiary of the market's return to the US Dollar as equity markets suffered as a result of the dreadful NFP data in the US which fell below market expectations, taking the US unemployment rate to almost 10%. The daily candle closed as a wide spread up bar finishing the session above all three moving averages and finding good support from the 14 day. However, the high of the day failed once again to hold above the
Filed under: Technical
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