Ransquawk

USD/CAD has been trading very technically recently. Last Friday there was a stronger supply reaction, which could have been a profit taking session from a very successful week for the bulls. Monday brought buyers back on the market. Therefore, the struggle on local support for another impulse for growth is ongoing. If demand wins this fight, it seems that the price may grow, in the long term, even to the area of highs from the end of last year.

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Ransquawk