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USD/CAD remains strong ahead of key US, Canadian economic data

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD remained strong on the first trading day of the new year, just off its recent multi-year highs, ahead of an important week of economic data for both the US and Canadian dollars. Wednesday brings trade balance figures from both countries, while Friday highlights the crucial employment situations for the US and Canada. Since a new 11-year high of 1.4000 was hit little more than two weeks ago in mid-December, USD/CAD has been in a relatively confined consolidation between that 1.4000

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