USDCAD: With the pair halting its weakness and triggering a correction, further gains are envisaged. Resistance resides at the 1.1000 level, its big psycho level. Bears may come in here and turn the pair lower but if violated, further upside is likely towards the 1.1041 level and then the 1.1100 level. Further out, resistance resides at the 1.1168 level and next the 1.1200 level. Conversely, support comes in at the 1.0850 level and then the 1.0800 level. A violation of here will open the door for a run at the 1.0750 level. All in all, USDCAD may be broadly biased to the downside but faces recovery risks
USDCAD: With the pair halting its weakness and triggering a correction, further gains are envisaged. Resistance resides at the 1.1000 level, its big psycho level. Bears may come in here and turn the pair lower but if violated, further upside is likely towards the 1.1041 level and then the 1.1100 level. Further out, resistance resides at the 1.1168 level and next the 1.1200 level. Conversely, support comes in at the 1.0850 level and then the 1.0800 level. A violation of here will open the door for a run at the 1.0750 level. All in all, USDCAD may be broadly biased to the downside but faces recovery risks
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