As mentioned, however, the technical reversal signals are still missing. In this regard it will be interesting to see what will happen to UsdCad between 1.1225, February top and 1.1335, 50% retracement of the entire bear market. A new test with no positive outcome would be a positive signal to come back bullish in the short-term on the Loonie, but only under 1.09 the investment will have a strategic value in the medium term. As for EurCad, the level to be monitored will be 1.49, below that threshold the doors to 1.41/1.42 would be open (Chart source: Bloomberg)
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