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USD/CAD breached 1.1300

FXStreet (Edinburgh) - The greenback keeps falling at the end of the week, eroding previous gains and dragging USD/CAD back below the 1.1300 handle.

USD/CAD capped by 1.1400

The 1.1400 band remained elusive for USD-bulls throughout the week, capping the bullish attempts and thus triggering the current dip to 1.1290/80. Earlier releases in the US docket saw better-than-expected Retail Sales during October and an auspicious reading from the Consumer Sentiment, although they’ve failed to propel the greenback any further. In Canada, Manufacturing Shipments surprised traders to the upside, advancing above estimates 2.1% in October, adding buying interest to the CAD.

USD/CAD levels to watch

The pair is now losing 0.75% en 1.1289 with the immediate support at 1.1268 (30-d MA) followed by 1.1266 (23.6% of 1.0620-1.1466) and then 1.1200 (psychological level). On the upside, a break above 1.1394 (high Nov.14) would open the door to 1.1402 (high Nov.11) and finally 1.1450 (high Nov.7).

EUR/GBP testing the 0.80 handle

Currently, EUR/GBP is trading at 0.7992, up 0.63% on the day, having posted a daily high at 0.8002 and low at 0.7934.
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GBP/JPY forming a base on the week’s business

GBP/JPY is trading at 182.15, up 0.15% on the day, having posted a daily high at 182.67 and low at 181.60.
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