Technicals: New Range Found?

  • Resistance: 1.0660
  • Support: 1.520
  • Following Friday?s thirty year high, the Canadian dollar fell today as Canadian FX traders return from their day off. The pair moved above 1.0600, possibly headed to its most recent peak right above 1.0650. Recent price action signaled a new range is forming; however, a BoC rate change could create some unbound volatility for the pair.

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