USD/CAD At Risk of Downside Break, CPI Report Next
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The US Dollar gained strength above the 1.3500 resistance against the Canadian Dollar. However, USD/CAD failed to continue higher above 1.4000.
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The downside surprise in US November CPI has prompted a risk-on rally overnight but major US indices came off sharply from their intra-day high as key technical resistance stood in the way.
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