USD/CAD: Our constructive outlook remains intact with the market well supported in the 0.9900 ahead of the latest bounce. Look for the formation of a fresh higher low ahead of the next major upside extension back towards and eventually above 1.0660. Ultimately, only a daily close back below parity gives reason for concern, while the recent break and close back above 1.0260 should accelerate.
--- Written by Joel Kruger, Technical Currency Strategist
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