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USDCAD breaching 1.4150 by week's end
Looking at $USDCAD, the recent action has been a steady grind up, with today's high at 1.4115. We're seeing oil weakness persist, which is a structural tailwind for CAD depreciation. Combined with ongoing hawkish Fed commentary and the BOC's relatively dovish stance, I'd put the odds of a push past 1.4150 by Friday's close at around 65%. There's resistance there, but the fundamental divergence seems strong enough to fuel a test.
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