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Forex: USD/CAD falls below 1.0300

The CAD is trading firmer versus the greenback helped by Canadian GDP readings and as risk sentiment improved a tad after positive US ISM manufacturing.

After reaching a fresh 8-month high of 1.0341, USD/CAD turned lower and has already reversed its intraday gains having recently dropped below the 1.0300 level to hit fresh lows at the 1.0270 area.

At time of writing, USD/CAD is trading around 1.0275, where it records a 0.3% daily loss. In terms of technical levels, the pair could face immediate supports at and 1.0260 (100-hour SMA) and 1.0216 (Feb 28 low), while resistances are seen at 1.0341 (intraday high) and 1.0360 (Jun 28 high).

Forex: EUR/USD consolidates losses below 1.3000

The single currency remains under heavy pressure on Friday, as the risk-off tone is swelling relentlessly amongst market participants....
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Forex Flash: NOK/SEK potential upside lays ahead – Danske Bank

The pair is navigating the lower end of today’s range, as the Swedish krona has emerged stronger than its neighbour the NOK in the wake of the data from both Scandinavian economies this early morning, dragging...
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