Technicals: USDCAD Range

  • Support: 1.0445
  • Resistance: 1.0500
  • The USDCAD dropped below the 1.0500 mark on Friday, once again collecting into a range. Today, the USDCAD bounced off of what might be a building support around 1.0445 and headed back to its resistance at the top of the range. With high event risk tomorrow, there is a significant chance the range will break.

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