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USDCAD drops over 100 pips from the highs but not on what you may think

Discussion in 'Market News' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Point a finger at the loonie and you might as well point a finger at oil, but it's not all about that this time Yes oil has briefly rebounded to positive territory, and yes USDCAD has fallen but the main driver being noted is selling in EURCAD above 1.5120. that has led to stops being hit through 1.5100 sending it down to 1.5020

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