To start this week off, we can expect to see some movement in the commodity currencies.
Monday is a heavy data day for the currency segment as we have CAD, AUD and NZD data releases. Often we see CAD data near the end of the week and AUD, NZD near the beginning.
My general outlook is that we should be expecting one more leg of strength in these currencies.
The EURCAD offering the clearest structure, is showing critical support levels slightly below current trading levels, where the USDCAD is al…
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