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  1. #1231
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    USD/CAD prints fresh daily highs




    FXStreet (Córdoba) - The USD/CAD rose to fresh daily highs at the beginning of the American session following the Chicago Fed National Activity Index, although it lacked follow-through to stage a steepest rally.

    The USD/CAD climbed to a peak of 1.1029, surpassing its Friday's high, and it was last at 1.1025, virtually unchanged on the day. On the upside, the 1.1045 area, April top, stands as immediate resistance to clear.

    USD/CAD technical perspective

    "We think USD/CAD has done enough to steady and improve going forward from a medium-term technical point of view and feel that a firm base is developing now below 1.0950. We look for a better bid tone to emerge for funds as North American trade picks up today", said the TD Securities analyst team. "USD-supportive US-Canada spreads in the belly of the curve suggest limited downside and more upside potential (towards 1.13) in the near-term. We think gains through 1.1060/70 will be supportive for the near-to-medium-term outlook for USD/CAD".



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  2. #1232
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    GBP/USD breaks below 1.6800 to daily lows





    FXStreet (San Francisco) - The Sterling is extending losses against the US Dollar as the GBP/USD just broke the 1.6800 in the American opening bell and now it's pricing at daily lows around 1.6790.

    Currently, GBP/USD is trading at 1.6793, flat on the day, having posted a daily high at 1.6821 and low at 1.6782.

    GBP/USD levels

    If the pair remains below the 1.6800 area, the GBP/USD would face supports at 1.6775, 1.6750 and then 1.6720. On the upside, resistances are at 1.6805, 1.6815 and 1.6840.



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    Apr 21, 2014
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