A temporary top should be in place at 1.2499 and intraday bias turned neutral for USD/CAD for consolidations. Downside of retreat should be contained by 38.2% retracement of 1.1564 to 1.2499 at 1.2142 and bring rally resumption. Above 1.2499 will target 200% projection of 1.0181 to 1.1278 from 1.0620 at 1.2814.
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