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Forex: USD/CAD retraces from 1.0300

The Canadian dollar is picking up pace now, trimming earlier losses that pushed the cross to multi-month highs above the psychological level at 1.0300

According to G.Yu and G.Berry, Strategists at the Swiss bank UBS, the bank’s outlook remains bullish, adding at the same time, “The pair extends the bull trend posted a new recovery high. There is scope for more upside to test 1.0366. Support is at 1.0207 ahead of 1.0160”.

At the moment, the cross is up 0.16% at 1.0279 with the next resistance at 1.0342 (high Jun.29) ahead of 1.0363 (high Jun.28) and then 1.0382 (high Jun.6).
On the other hand, a break below 1.0139 (MA10d) would expose 1.0101 (high Jan.25) and then 1.0064 (MA21d).

Forex: EUR/USD steadies around 1.3050

With upside attempts being capped by the 1.3120 area during the European and American sessions, EUR/USD was confined to a phase of consolidation within the last hours. EUR/USD fell over 80 pips from daily highs in the wake of better than expected US data, but paused the decline ahead of its 8-week low of 1.3018 scored earlier, at the 1.3035 zone.
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