Technical Levels
The first crucial support for the pair USD/CAD is located at 1.2830 (200-DMA). A daily close below that level could open the door for further losses toward 1.2785 (50-DMA) and 1.2700 (psychological level). On the upside, resistances align at 1.2880 (daily high), 1.2915 (Oct. 31 high) and 1.3000 (psychological level).
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