- The commodity currencies have weakened against both EUR and GBP this week
- EUR/CAD is currently testing 1.4250 and above, there is little resistance until 1.4395 (monthly high)
- While the EUR/USD remains fairly bid overall with good support eyed between 1.2780 and 1.28, the Loonie remains under pressure as USD/CAD is pushing higher
- Break above 1.11 seems imminent and daily close above could signal a test of 1.12 eventually
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