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USD/CAD climbed through some stops above 0.9865 to the highest levels of the week.
The peak so far is 0.9877 but it has scaled back to 0.9865. Look for offers in the 0.9880/85 range, which was last week’s high.
The lack of volatility in USD/CAD has made it a tough pair to trade. Last week’s break to a three-month low was swallowed up in minutes, showing there is no appetite for a move lower.
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