Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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