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eFX Apex

Aug 18 - 05:55 AM

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By Jeremy Boulton — Aug 18 - 04:02 AM

• Traders betting in excess of $12 billion on CAD dropping

• USD/CAD has sunk from 1.4248 in July to 1.3845 in August

• The 200-DMA is 1.3848

• A 61.8% retrace of May-Jul 1.3550-1.4248 rise is 1.3817

• Bearish signal when 21-DMA fell below 55-DMA on Aug 10

•
USDCAD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters