there was plenty of opportunities for the traders to push this pair higher but as we can see that did not took place. Japanese repatriation might been one of the strongest factors why did CAD did not rally against JPY, as it did against the USD. Oil is in upswing for a couple of days now and there is no lack of positive CAD data lately, however we see the pair is topping out. Stops should be clear for this pair- above recent highs 89.60 and targets should start at 88.75.
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