USD/CAD Closing In On Long-Term Targets

The USD/CAD fell close to 1400 pips from the May 2017 highs into the July lows. In August the currency pair retraced over 350 pips topping out at 1.2777. Since the high that was struck on August 15, the USD/CAD has once again moved back under the July lows and is now trading more than 500 pips below that August 15 high.

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