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Morgan Stanley likes USDCAD and GBPCAD higher

USD/CAD Could see significant upward movement

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Sentiment is: Positive

Technical Analysis

The movement of USD/CAD towards 1.3721 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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