USDCAD |New perspectiveThe USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with major market-moving economic releases, both from the US and Canada; the fundamental backdrop from these events will be anticipated by participants in this market as the price remains within a critical juncture above the C$1.32000 level and hence warrants some detailed understanding of the current structure before positioning ourselves for any trading opportunity.
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