USD/CAD: Our optimistic prospects for this market base has more reaffirmed in the course of the past few weeks, with the market of the acceleration of the back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.-Written by Joel Kruger, technical currency strategist
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