USDCAD Rebuffed by Long-Term 50% Retracement... Sees Key Employment Reports Next Week

9:28 PM No Comments

Shortly after the Canadian November GDP and US December Personal income & spending data was released this morning, USDCAD tested the long-term 50% retracement around 1.1230 and failed, falling over 130 pips over the next 4 hours, before finding an intraday bottom. That said, while weekly RSI is clearly in



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