USDCAD - Rally to be capped

FX:USDCAD   U.S. Dollar / Canadian Dollar

USDCAD - Intraday - We look to Sell at 1.3225 (stop at 1.3260)

Buying pressure from 1.3105 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 1.3226. There is scope for mild buying at the open but gains should be limited.

Our profit targets will be 1.3140 and 1.3100

Resistance: 1.3225 / 1.3295 / 1.3350
Support: 1.3140 / 1.3100 / 1.3031
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