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eurusd
The EURUSD is holding well above the resistance at 1.10655 formed by the neckline of the October 2019 double top in Monday’ s New York trading session. The pair had completed the measured move from the breakdown of this neckline to confirm the double top, but has since reversed upwards to record gains in three trading sessions to take the pair to intraday highs of 1.1071.
usdcad Bank Of Canada
USDCAD trades slightly higher after Friday’s sharp correction from 1.3251 as a result of macro data from US that pressured USD across the board. The US retail sales for October registered at 0.3% above forecasts of 0.2%; the Retail Sales Control Group came in at 0.3% in line with analysts forecasts. The Empire Manufacturing for November came in at 2.90, below expectations of 6.00.