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USD/CAD eyes 1.0855 if 1.0900 breached - TDS

FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities explained technical conditions around the Canadian Dollar.

Key Quotes:

“Technically, short-term price action still looks a little heavy after Wednesday’s sell-off; a rebound though 1.0950 would be a minor USD-positive”.

“A move below 1.09 would likely lead to a retest of the 200-day MA at 1.0855."

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