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USDCAD Sell posted to TAP at 9:33am ET. We have seen a good push higher after data this morning for the CAD. Now the pair has moved into the 4 hour trend line that also has historical supports around 1.0425. Looking for some rebound of todays move back into the upper 1.0300’s. On the 1 hour chart the Tunnel fib line also intersects with the 1.0425 area. Just below are two fib retracement levels from the previous downtrends as seen on the 4 hour illustration.
USD/CAD 4 hour Chart Picture
USD/CAD 1 hour Chart Picture
