The dollar against the Canadian Dollar jumped towards the major resistance level yesterday at 1.0615, then it found tendency to drop down again to close near the opening price . This move might put the pair in consolidation area for a while.
The trading range for today will be between the key resistance at 1.0590 and the key support at 1.0490.
The general trend is down as far as 1.0850 remains intact, targets will be at 1.0478 and 1.0320.
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