As expected, Canadian dollar has so far found support near 1.1550 levels and we have initiated a buy position at 1.1565. For now though the currency could test 1.1520 we would prefer holding our buy position expecting a rally towards 1.1700 and above. Amend stop to entry on break above 1.1595.
Hold buy @ 1.1565 for an open target, with stop below 1.1535.
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