USDCAD Beats 1.0500

Resistance: 1.0500
Support: 1.0342
Today?s USDCAD rebound had enough momentum to break the key 1.0500 level. The 1.0500 level is both a significant round psychological level and a 38.2 percent Fibonacci level that had previously provided resistance for the pair. This now penetrated resistance may serve as new support.

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