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   “¢   The pair built on Friday’s strong upsurge and climbed further beyond the 1.3300 round figure mark through the European trading session on Monday.

   “¢   The intraday positive momentum assisted the pair to make it through a short-term descending trend-line resistance and climb to over two-week highs.

   “¢   Moreover, the fact that the pair remains well above important intraday moving averages – 50, 100 & 200-hour SMA, support prospects for additional gains.

   “¢   Bullish oscillators on 4-hourly/daily charts add credence to the constructive outlook, though slightly overbought conditions on the 1-hourly chart capped gains.

   “¢   The set-up points to a modest pull-back or a near-term consolidation phase before traders start positioning for further appreciation towards the 1.3400 handle.

USD/CAD 4-hourly chart


       Today Last Price:  1.3311
       Today Daily change %:  0.11%
       Today Daily Open:  1.3296
       Daily SMA20:  1.3216
       Daily SMA50:  1.3315
       Daily SMA100:  1.3271
       Daily SMA200:  1.3166
       Previous Daily High:  1.3308
       Previous Daily Low:  1.313
       Previous Weekly High:  1.3308
       Previous Weekly Low:  1.3112
       Previous Monthly High:  1.3341
       Previous Monthly Low:  1.3069
       Daily Fibonacci 38.2%:  1.324
       Daily Fibonacci 61.8%:  1.3197
       Daily Pivot Point S1:  1.3181
       Daily Pivot Point S2:  1.3066
       Daily Pivot Point S3:  1.3003
       Daily Pivot Point R1:  1.3359
       Daily Pivot Point R2:  1.3422
       Daily Pivot Point R3:  1.3537