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USDCAD explodes to a fresh 6-month high
video USDCAD managed to totally erase its recent downside correction and edge higher towards a fresh six-month peak of 1.3784. However, the pair has surrendered some gains in the last couple of sessions after the short-term oscillators pointed at overbought conditions. Should buying interest persist, the pair could re-test the recent rejection region of 1.3784. A break above that zone could open the door for the March resistance of 1.3803. Even higher, the 2023 high of 1.3860 may cap further advances. Alternatively, if the pair corrects to the downside, a couple of previous resistance regions such as 1.3693 and ... (full story)