Nick Nasad
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USD/CAD - Break-Out To New 2-Year High

Yesterday, I wrote about the USD/CAD and looked at the long term chart as the pair was testing a key resistance level and looked poised to break and hold through the 1.0655 barrier. Well, in today's session we are getting some further confirmation of that as the pair is not making a move towards the 1.07 handle and our targets from the weekly chart (1.0850 and 1.11) start to look more viable.