USD/CAD retreated after edging higher to 1.3797 last week but rebounded strongly since then. Initial bias is turned neutral this week first. On the upside, break of 1.3797 will resume the rebound from 1.3538 short term bottom to 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017). Nevertheless, below 1.3616 will bring retest […]
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