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USD/CAD: Prime for a Correction on BoC

posted by Avatar fx360 1041 days ago in USD, CAD, Technical made popular 1041 days ago

At a time when many currency pairs are just beginning to break out or still consolidating, the Canadian has been on a tear. Since last week, the currency appreciated 5 percent against the U.S. dollar and is up more than 18 percent since March. Unlike prior rallies in the Canadian dollar, the strength and velocity of this move is particularly
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