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USD/CAD Bull Bias through 1.1403 for 1.1450/68 and Above – MarketChartist

FXStreet (Barcelona) - Steve Miley at Market Chartist views the USD/CAD bull trend re-energizing.

Key Quotes

“We see bias for a bounce to the setback range late this week, for 1.1403 and maybe 1.1450”.

“The push close to 1.1403 leaves risk through here today and through mid-month we see upside risk above here and the recent cycle peak at 1.1468 to a Fibo extension level at 1.1495/ psychological 1.1500.”

“November overshoot threat is to 1.1655, the 61.8% retrace of the entire 2009-2011 bear market.”

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