USD/CAD: Our overall outlook for the pair remains highly constructive and as such, the latest round of sharp setbacks into the 1.0400’s should be used as a formidable opportunity to build a compelling long position. Only a close back under 1.0350 (78.6% fib retrace) would give reason for concern.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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