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European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 19, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Oil prices rebounded yesterday and filled the weekend gap. This helped the Canadian Dollar to recover as well and USD/CAD fell to a low of 1.2760 overnight, 230 pips lower from yesterday's high. Support lies at 1.2740 and with the downtrend clearly intact, further losses are likely.[​IMG]

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