FX Weekly (13 Nov ’17)

USD/CAD coming under selling pressureExtending downside tests as overbought stochastics unwind.

Risk of a break below the 1.2580~, (38.2%) Fibonacci retracement as sentiment weakens.

Subsequent losses will target 1.2485/00.

Cautious Downgrade to Neutral.

A close above 1.2915 is needed to turn sentiment outright Positive once again and confirm continuation of the September bull trend.

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