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The Loonie Not at its Bottom Yet

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The fall of the USD against the CAD has been one of the most popular short positions of 2016. Remarkably uniform and consistent, the pair may have finally run out of steam but could be looking at some further falls in the near future. With a new stimulus package in the works, Canada might be about to push the pair even lower. The adoption of the stimulus is projected to cause a $2.9 Billion CAD deficit, a fact that seems to have barely phased the markets. The price has barely shifted after

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