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Yesterday, the noted push above the 200 day moving average in the USD/CAD was covered in an update here. That 200 day moving average was in place then at 1.3479. The USD/CAD did extend slightly above this, but it could make it much above 1.35 ahead of the close. The pair later ended the US session at 1.3495, but that was still a technically positive close above its 200 day moving average. The US dollar has subsequently advanced further today, reaching a high so far at 1.3531. That 200 day moving average is slightly higher this morning, at 1.3580. The low seen earlier today nailed that level too, when basing out at 1.3580. The drop back in oil prices again today has helped to push the CAD lower too. The next level of note, should this rally extend is now in place at 1.3568. The USD/CAD is currently trading at 1.3517
The dollar just got slapped and in truth probably due to comments from the Fed boss, Jerome Powell. So, as expected and warned about a few times today...
The dollar is losing some more ground right now and that has seen the EUR/USD push back above 1.1610. The GBP/USD is also close to session highs seen...
Those US data releases have just been released and it has been a mixed set of data. The Richmond Fed index improved to -7, but the nationwide consumer...
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