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Canadian Dollar Slips Lower In Intraday Trading

From capitaltrustmarkets.com

Technical Sentiment: Bearish Key Takeaways •Canada Wholesale Sales, in line with consensus at 0.2%, couldn’t boost the domestic currency on Monday; •Swiss Franc is showing an overall bullish tendency against a basket of currencies; •CHF Trade Balance is due Tuesday morning with bullish expectations of 2.43B vs 1.33B previously. CAD/CHF has apparently formed a Lower High following a rejection off 0.8400, suggesting traders are going to target the 200-Day Simple Moving Average next. Technical Analysis CAD/CHF has fallen from 0.8635 down to 0.8315 since breaking the rising wedge chart pattern on 7th October, crossing ... (full story)

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