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Forex: USD/CAD rose to 1.0536

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FXstreet.com (Buenos Aires) – After both economies published their monthly employment report,

both cases disappointing under expectations despite better than previous month, pair rose to 1.0536 level at the time of writing, supported also by a strong slide in oil prices: crude barrel is around $71.80 almost 3 full dollars down since US opening.

According to the ecPulse.com analysis team, the trading range for today is “among the key support at 1.0295 and the key resistance at 1.0565”, suggesting pair should top around that level if reached; next resistances, according to them lie at 1.0595 and 1.0675, while support are located at 1.0480, 1.0435 and 1.0390.

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