USD/CAD - Have We Seen a Top? |
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The Loonie has been moving quite strongly lately as the Canadian Dollar continues to lose value against a US Dollar which has, for now, found some footing thanks to cooling oil prices. But a pullback today has everyone wondering if we've seen a top for this pair. For now, perhaps - but longer-term there may be still room left to go. We encountered resistance at the 127% Fibonacci extension at 1.0457, then bounced down to test 1.0411 - also another Fib level. Overall, since the
Filed under: Technical
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