“Technical considerations surrounding the current USD/CAD level have kept movement limited, in the absence of a fundamental change in the economic picture between the US and Canada. From July 2019 to March 2020 the CAD ranged from 1.3050 to 1.3350. The long residence in that space left numerous support and resistance limits, which flip from one to the other as the USD/CAD has fallen but keep their position.”


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