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USD/CAD found some initial support at 1.3000 through Europe

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Overview Wednesday’s FX session played out as many expected it to, with Tuesday evening’s Yellen speech in NY setting the stage for further weakness in the USD. Early Europe proceeded with a stronger EUR/USD push through 1.1300, and later in the day – with the help of North American markets – we extended through the recent 1.1342 highs, with the Feb peak at 1.1375 now in the line of fire. Cable was an easy target also, trading to 1.4450, and although only managing another 5-10 ticks beyond

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