USD/CAD outlook from Barclays Capital.

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The technical strategy team at Barclays Capital provided technical setup for USD/CAD.

“We prefer to fade upticks towards 1.3165, near the 21-dma and look for the recent range highs near 1.3300 to cap a move lower towards initial targets in the 1.2830 area. Beyond there we see room towards 1.2670 next” written in the report.

As of 4:47 AM EDT the currency pair was trading at 1.3168, which is 0.23% higher than the previous close.

Forex Forecast

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