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Canada manufacturing sales
The USDCAD is trading back above its 100 hour moving average at 1.3787. But remains below key swing area resistance at 1.3375 1.38548. Moves above those levels will be needed to increase the bullish bias. Conversely, a move back below the 100 hour moving average with momentum would put the pair back within the confines of the 100 and 200 hour moving average. The 200 hour moving average below is at 1.37196. The price tried to move below that level in early trading today, but could not sustain downside momentum.
USDCAD is trading above its 100 hour moving average
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