The USDCAD has faded from the .9950 level over the last few days. Any pick up in volume or risk could produce a challenge of this level. Support begins at .9885. It appears the pair is settling down in the consolidation zone from earlier in the year. The top of the broader range is at 1.0050 and resistance is at .98. In the short-term resistance is at .9950 and support is at .9840.
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