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Forex News USD/CAD: Overstretched; A Tentative Pause Ahead: Levels & Targets - SocGen

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Peter

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Societe Generale FX Technical Strategy Research notes that USD/CAD has re-integrated within the steeper channel since 2012 and has accelerated its decline towards 1.25/1.2460 which is corresponding to last year trough and is close to the 38.2% retracement of whole up move from 2007.

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