USD/CAD Forecast. U.S. Dollar Is Flat

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USD/CAD Tries To Gain Upside Momentum

USD/CAD gained some ground as traders reacted to U.S. economic reports. From a big picture point of view, USD/CAD found strong support in the 1.4180 – 1.4200 range and is trying to gain upside momentum.

In case this attempt is successful, USD/CAD will head towards the nearest resistance level, which is located in the 1.4330 – 1.4350 range.

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