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USD/CAD: Downside targets at 1.2115 and 1.2015 - 2ndSkies

FXStreet (Bali) - According to Chirs Capre, Founder at FXCharts, downside targets in USD/CAD would be 1.2115 and 1.2015, with short term resistance at 1.2260/2320.

Key Quotes

"Recently we talked about the break of the key support and how this turned the risk to the downside. The impulsive and corrective price action moves have been quite consistent."

"ST there is a resistance zone between 1.2260 and 1.2320. Weak pullbacks here should be sold and only a daily close above the latter level changes the ST bias a bit. Downside our targets would be 1.2115 and 1.2015."

UK jobs, US CPI eyed - Westpac

Westpac Global Strategy Group breaks down the key events for the day ahead, highlighting the UK Mar unemployment and Headline US Mar CPI.
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NZD/USD: Further gains may be on the cards - FXCharts

According to Jim Langlands, Founder at FXCharts, from a 4 hour chart perspective, readings in the NZD/USD look positive, suggesting that further gains are possible.
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