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Watching CAD after recent jobs data and its impact on BOC next moves
The latest Canadian jobs report came in stronger than anticipated, which, combined with the BoC's recent somewhat hawkish tone, makes me lean towards CAD strength against other majors on my watchlist, particularly against the EUR. While $EURCAD is at 1.60778, I'm waiting to see if this strength translates into a retest of lower levels for a potential entry.
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