USD/CAD extends gains above 1.15 by Milan Cutkovic

  • USD/CAD broke above 1.15 resistance and extened gains to 1.1537
  • Main factors are declining oil prices and stronger US retail sales data earlier
  • Dealers report decent offers into 1.1550, but stops resting just above and through 1.1565
  • Next major chart resistance noted at 1.1724, which is the Summer 2009 high

USDCAD

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