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Dollar Support And Crude Oil Plunge Extend USD/CAD Recovery

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Despite a better-than-expected June GDP reading for Canada released on Wednesday, two key factors have led to a drop in the Canadian dollar and an extension of USD/CAD’s recovery within the past two weeks. These two factors have been strong recent support for the US dollar and a pronounced pullback[​IMG]

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