Chart Of The Day: USD/CAD

looks poised to trade towards the 1.2860-1.2880 level near term, where a confluence of 127% Fibonacci extensions are at from the August to September rally and the last November bounce. RSI is not oversold but divergent, which may suggest a near-term low may be found there.

USD/CAD has been slow to react to USD weakness and may attempt a move lower soon.

USD/CAD Daily Chart.
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