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Thread: Weekly and Daily Range

  1. #1
    Piplet
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    Smile Weekly and Daily Range

    Weekly range on U/CAD for ww20 was estimated around 1.1185 to 1.0970. Happy Trading

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    Canada - manufacturing shipments are due and apart from a downward blip in January this data has been generally strong over the past six months. The series is prone to some volatility so a fall would be forgivable after the 2.8% advance seen last month. Any further strength will supplement current arguments in favour of a BoC rate hike on July 10.

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    where the daily range for today

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    1.0678. A corrective/consolidation activity between 1.0619 and 1.0766 is likely for a while

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