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USD/CAD bounced around by oil and retail sales

Discussion in 'Technical Analysis' started by ForexLive, Jun 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/CAD hit 1.2853 but has faded on an oil rebound It's all about oil today for the Canadian dollar. The currency tried to take note of a strong retail sales report and fell to 1.2740 from 1.2775 but the reaction lasted only minutes as the US dollar got some broader traction. It was a steady rush higher from there up to 1.2838.

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