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Forex pairs in this Article » USD/CAD
FXstreet.com (Barcelona) - USDCAD is currently at fresh session highs around 1.0078, adding +1.63% in gains since previous weekly open past Monday, following Friday's fresh 6-month highs at 1.01 round, though still "there is no signs from the short-term price action of a top being close," Toronto based FX Research Team at TD Securities say, adding: "We rather expect counter trend corrections to remain limited for the moment."

The analysts also note: "There is still an open gap on the hourly chart following the mid-week move above 0.9950. At some point in the not too distant future, we would expect the market to move to fill the hole but that should be the extent of any consolidation/corrections for the momentif we get there at all. We expect firm support in the 0.9950/00 range from here," the team concludes, suggesting they are looking "to buy dips."
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