USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely still consolidating around parity ahead of what we believe will be an eventual retest of the key October highs by 1.0660. From here, look for any interday pullbacks to be very well supported above 0.9950 on a daily close basis, while ultimately, only a close below 0.9900 would give reason for concern.
Joel Kruger
Technical Currency Strategist
DailyFX Research Team
http://www.dailyfx.com
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