Last week's development suggests that USD/CAD's recovery from 1.0857 has completed at 1.1052 already. While downside momentum is unconvincing, we'd expect deeper decline this week as long as 1.1052 resistance holds. Break of 1.0857 will extend the whole correction from 1.1278 and should target 50% retracement of 1.0181 to 1.1278
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