Forex: USD/CAD around 0.9830/35 after Canadian deficit

FXstreet.com (Barcelona) - The Loonie is easing some ground against its fellow neighbour on Friday after the Canadian trade deficit unexpectedly tripled against forecasts during November, at $1.96 billion vs. $0.60 billion. October’s deficit was $0.17 billion.

As of writing, USD/CAD is now advancing 0.04% at 0.9837 with the next resistance at 0.9890 (MA10d) followed by 0.9893 (MA21d) and then 0.9943 (high Jan.2).
On the flip side, a breach of 0.9825 (low Dec.13) would clear the way to 0.9816 (Upper Bollinger) en route to 0.9795 (61,8% of 0.9633-1.0057).

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