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USD/CAD rides high
USD/CAD is near the best levels since June as tariff talk lifts the US dollar. There is also talk of dollar-positive flows into month end.
Technically, the high last week of 1.3317 is the next level to watch. USD/CAD has been in a nice uptrend channel since the start of October and there isn’t much else sanding in the way of a test of 1.3277.
Oil isn’t much of a factor today with WTI up 3-cents to $51.66.
This article was originally published by Forexlive.com. Read the original article here.