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Forex: USD/CAD recovers the mark of 1.0264/68

The USD/CAD has recovered the mark of 1.0264/68 at the time of writing, having rallied 12 pips off in recent minutes. The rising price of crude has helped buoy the CAD Tuesday, though the pair is currently notching a +0.03% gain during American trading.

“The USD/CAD moved slightly to the upside and is currently close to 1.0295 resistance. Meanwhile, prolonged stability below the 1.0355 levels will keep negative possibility valid affected by the bearish harmonic Bat Pattern.” notes the ICN.com analyst team.

ICN.com analysts point to resistances at 1.0260, onto 1.0215, and finally 1.0200. Conversely, the USD/CAD will face resistance at 1.0295 then of 1.0310, and 1.0355.

Forex: GBP/USD around 1.4860/70 ahead of UK NIESR

The London morning tumble to 1.4832 low was almost retraced after the bounce to 1.4909, but the pair didn't hold there and allowed a move lower to 1.4860/70, where it is wandering around ahead of UK NIESR GDP Estimate data. The GBP/USD trades at 1.4868, -0.32% on the day.
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Forex: USD/CHF holds downside at 0.9440

The USD/CHF moved as low as 0.9436 and remained subdued to the 0.9430 support for the NY opening, then allowing the current bounce towards 0.9460 and the opening price levels, around 0.9473. The empty calendar is practically empty for the rest of the day.
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