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USD/CAD Intraday: key resistance at 1.1105.

USD/CAD Intraday: key resistance at 1.1105.

Pivot: 1.1105

Our preference: Short positions below 1.1105 with targets @ 1.1015 1.0975 in extension.

Alternative scenario: Above 1.1105 look for further upside with 1.115 1.1195 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1105.

Supports and resistances:

1.1195

1.115

1.1105

1.1085 Last

1.1015

1.0975

1.0935

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