USD/CAD Technicals – 0.9975/0.9985 resistance holding

Hourly Chart

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Price trades firmly below parity after breaking below on 19th Nov. Recent rally touched yesterday’s High of 0.999 and fell back immediately. Currently trading between resistance of 0.9975 – 0.9985, with a break below opening up 0.9955 of Yesterday’s Low which is close to today’s L3 level.

 

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