USDCAD remains confined in trading range but below the 100/200 hour MAs

The USDCAD has been confined to a well-defined trading range between 1.4148 and 1.42473 since June 19. The topside has been reinforced by a triple top near 1.4247, while the downside has held on four separate tests near the range lows, highlighting the ongoing battle between buyers and sellers. Near the middle of that range sit the nearly converged 100-hour…

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