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USD/CAD bounce targets 1.2270, 38.2% of March/May fall

  • Tight doji early in a slow start to trading in Asia, opened +1.2%

  • 5, 10 & 20 dma's conflict, momentum studies edge higher

  • Initial support is seen at 1.2100, 38.2% Fibonacci retracement and resistance at 1.2170

 

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