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USDCAD briefly hit a marginal new yearly high before hitting resistance and reversing lower into key support near the 200-hour moving average. Price now oscillates around the 100-hour average, indica…
The Canadian dollar strengthened against the U.S. dollar as Canadian bond yields declined alongside U.S. debt yields, while U.S. crude futures dropped, supporting a stronger loonie.
Stronger-than-expected Canadian jobs data pushed USDCAD to new lows, but a rebound failed to hold above resistance, indicating cautious short-term downside potential if key support levels break.