Despite the modest recovery seen in crude oil prices in the second half of the day, EURCAD has been pushing upwards. Earlier in the day, the Ivey PMI in Canada slumped to 54.7 in January from 59.7 in December and fell short of 56 to weigh on the loonie
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AUDCAD could see a reaction from that point (0.92597) just a pullback before continuation of the trend where it will break the trend line at 0.92500. As we wait for CAD employment change on Friday